T-Mobile US, Inc. (TMUS) Correlation Distribution
Across 6,809 rolling correlation observations between T-Mobile US, Inc. (TMUS) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.08, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.08
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Radiotelephone Communications
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 188 | 2.8% | |
| -0.8 to -0.7 | 188 | 2.8% | |
| -0.7 to -0.6 | 725 | 10.6% | |
| -0.6 to -0.5 | 724 | 10.6% | |
| -0.5 to -0.4 | 744 | 10.9% | |
| -0.4 to -0.3 | 743 | 10.9% | |
| -0.3 to -0.2 | 324 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 244 | 3.6% | |
| 0.0 to 0.1 | 244 | 3.6% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 213 | 3.1% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 281 | 4.1% | |
| 0.6 to 0.7 | 281 | 4.1% | |
| 0.7 to 0.8 | 382 | 5.6% | |
| 0.8 to 0.9 | 382 | 5.6% | |
| 0.9 to 1.0 | 142 | 2.1% |
Frequently asked questions
What is the average correlation of TMUS?
T-Mobile US, Inc. (TMUS) has an average correlation of about -0.08 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TMUS positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for TMUS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for TMUS.
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