The Timken Company (TKR) Correlation Distribution
Across 6,809 rolling correlation observations between The Timken Company (TKR) and other NASDAQ-listed stocks, 54.6% are positive and 45.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.059
- Most common range
- -0.1 to 0.0
- Positive pairs
- 54.6%
- Strong positive (≥0.7)
- 1.2%
- Sector
- Ball & Roller Bearings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 119 | 1.7% | |
| -0.6 to -0.5 | 119 | 1.7% | |
| -0.5 to -0.4 | 346 | 5.1% | |
| -0.4 to -0.3 | 345 | 5.1% | |
| -0.3 to -0.2 | 710 | 10.4% | |
| -0.2 to -0.1 | 710 | 10.4% | |
| -0.1 to 0.0 | 732 | 10.8% | |
| 0.0 to 0.1 | 731 | 10.7% | |
| 0.1 to 0.2 | 567 | 8.3% | |
| 0.2 to 0.3 | 567 | 8.3% | |
| 0.3 to 0.4 | 599 | 8.8% | |
| 0.4 to 0.5 | 599 | 8.8% | |
| 0.5 to 0.6 | 287 | 4.2% | |
| 0.6 to 0.7 | 287 | 4.2% | |
| 0.7 to 0.8 | 40 | 0.6% | |
| 0.8 to 0.9 | 39 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of TKR?
The Timken Company (TKR) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TKR positively correlated with other stocks?
Mostly yes — 54.6% of pairs are positive and 45.4% are negative. Strong positive correlations (≥0.7) make up 1.2%.
What is the most common correlation range for TKR?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 59% of all pairs.
Explore the full interactive correlation distribution for TKR.
Open interactive dashboard →