Tredegar Corporation (TG) Correlation Distribution
Across 6,809 rolling correlation observations between Tredegar Corporation (TG) and other NASDAQ-listed stocks, 65% are positive and 35% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.206, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.4% and strong negative correlations (≤−0.7) for 9.2%.
- Total observations
- 6,809
- Mean correlation
- 0.206
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65%
- Strong positive (≥0.7)
- 26.4%
- Sector
- Rolling Drawing & Extruding Of Nonferrous Metals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 304 | 4.5% | |
| -0.8 to -0.7 | 304 | 4.5% | |
| -0.7 to -0.6 | 302 | 4.4% | |
| -0.6 to -0.5 | 301 | 4.4% | |
| -0.5 to -0.4 | 247 | 3.6% | |
| -0.4 to -0.3 | 246 | 3.6% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 253 | 3.7% | |
| 0.2 to 0.3 | 252 | 3.7% | |
| 0.3 to 0.4 | 323 | 4.7% | |
| 0.4 to 0.5 | 322 | 4.7% | |
| 0.5 to 0.6 | 628 | 9.2% | |
| 0.6 to 0.7 | 628 | 9.2% | |
| 0.7 to 0.8 | 883 | 13.0% | |
| 0.8 to 0.9 | 882 | 13.0% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of TG?
Tredegar Corporation (TG) has an average correlation of about 0.206 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TG positively correlated with other stocks?
Mostly yes — 65% of pairs are positive and 35% are negative. Strong positive correlations (≥0.7) make up 26.4%.
What is the most common correlation range for TG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for TG.
Open interactive dashboard →