TENNANT COMPANY (TNC) Correlation Distribution
Across 6,809 rolling correlation observations between TENNANT COMPANY (TNC) and other NASDAQ-listed stocks, 47.8% are positive and 52.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.039, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,809
- Mean correlation
- 0.039
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.8%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Refrigeration & Service Industry Machinery
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 149 | 2.2% | |
| -0.6 to -0.5 | 149 | 2.2% | |
| -0.5 to -0.4 | 504 | 7.4% | |
| -0.4 to -0.3 | 504 | 7.4% | |
| -0.3 to -0.2 | 847 | 12.4% | |
| -0.2 to -0.1 | 846 | 12.4% | |
| -0.1 to 0.0 | 516 | 7.6% | |
| 0.0 to 0.1 | 515 | 7.6% | |
| 0.1 to 0.2 | 404 | 5.9% | |
| 0.2 to 0.3 | 403 | 5.9% | |
| 0.3 to 0.4 | 399 | 5.9% | |
| 0.4 to 0.5 | 399 | 5.9% | |
| 0.5 to 0.6 | 425 | 6.2% | |
| 0.6 to 0.7 | 424 | 6.2% | |
| 0.7 to 0.8 | 142 | 2.1% | |
| 0.8 to 0.9 | 141 | 2.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of TNC?
TENNANT COMPANY (TNC) has an average correlation of about 0.039 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TNC positively correlated with other stocks?
Not predominantly — 47.8% of pairs are positive and 52.2% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for TNC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 51.9% of all pairs.
Explore the full interactive correlation distribution for TNC.
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