Travel + Leisure Co. (TNL) Correlation Distribution
Across 6,806 rolling correlation observations between Travel + Leisure Co. (TNL) and other NASDAQ-listed stocks, 76.2% are positive and 23.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.338, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 23.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,806
- Mean correlation
- 0.338
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.2%
- Strong positive (≥0.7)
- 23.8%
- Sector
- Hotels & Motels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 149 | 2.2% | |
| -0.6 to -0.5 | 148 | 2.2% | |
| -0.5 to -0.4 | 209 | 3.1% | |
| -0.4 to -0.3 | 208 | 3.1% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 296 | 4.3% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 338 | 5.0% | |
| 0.3 to 0.4 | 481 | 7.1% | |
| 0.4 to 0.5 | 481 | 7.1% | |
| 0.5 to 0.6 | 814 | 12.0% | |
| 0.6 to 0.7 | 814 | 12.0% | |
| 0.7 to 0.8 | 802 | 11.8% | |
| 0.8 to 0.9 | 802 | 11.8% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of TNL?
Travel + Leisure Co. (TNL) has an average correlation of about 0.338 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is TNL positively correlated with other stocks?
Mostly yes — 76.2% of pairs are positive and 23.8% are negative. Strong positive correlations (≥0.7) make up 23.8%.
What is the most common correlation range for TNL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for TNL.
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