TRINET GROUP, INC. (TNET) Correlation Distribution
Across 6,809 rolling correlation observations between TRINET GROUP, INC. (TNET) and other NASDAQ-listed stocks, 43.3% are positive and 56.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.3%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 171 | 2.5% | |
| -0.6 to -0.5 | 170 | 2.5% | |
| -0.5 to -0.4 | 735 | 10.8% | |
| -0.4 to -0.3 | 735 | 10.8% | |
| -0.3 to -0.2 | 766 | 11.2% | |
| -0.2 to -0.1 | 766 | 11.2% | |
| -0.1 to 0.0 | 487 | 7.2% | |
| 0.0 to 0.1 | 486 | 7.1% | |
| 0.1 to 0.2 | 431 | 6.3% | |
| 0.2 to 0.3 | 431 | 6.3% | |
| 0.3 to 0.4 | 425 | 6.2% | |
| 0.4 to 0.5 | 424 | 6.2% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 316 | 4.6% | |
| 0.7 to 0.8 | 61 | 0.9% | |
| 0.8 to 0.9 | 60 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of TNET?
TRINET GROUP, INC. (TNET) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TNET positively correlated with other stocks?
Not predominantly — 43.3% of pairs are positive and 56.7% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for TNET?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 49.4% of all pairs.
Explore the full interactive correlation distribution for TNET.
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