Teekay Corporation Ltd. (TK) Correlation Distribution
Across 6,809 rolling correlation observations between Teekay Corporation Ltd. (TK) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.157, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 17.7%.
- Total observations
- 6,809
- Mean correlation
- -0.157
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 13.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 593 | 8.7% | |
| -0.8 to -0.7 | 593 | 8.7% | |
| -0.7 to -0.6 | 854 | 12.5% | |
| -0.6 to -0.5 | 853 | 12.5% | |
| -0.5 to -0.4 | 367 | 5.4% | |
| -0.4 to -0.3 | 367 | 5.4% | |
| -0.3 to -0.2 | 246 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 214 | 3.1% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 249 | 3.7% | |
| 0.6 to 0.7 | 248 | 3.6% | |
| 0.7 to 0.8 | 364 | 5.3% | |
| 0.8 to 0.9 | 364 | 5.3% | |
| 0.9 to 1.0 | 194 | 2.8% |
Frequently asked questions
What is the average correlation of TK?
Teekay Corporation Ltd. (TK) has an average correlation of about -0.157 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TK positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for TK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for TK.
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