Tri Pointe Homes, Inc. (TPH) Correlation Distribution
Across 6,809 rolling correlation observations between Tri Pointe Homes, Inc. (TPH) and other NASDAQ-listed stocks, 40.4% are positive and 59.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.1% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,809
- Mean correlation
- -0.052
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.4%
- Strong positive (≥0.7)
- 13.1%
- Sector
- Operative Builders
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 160 | 2.3% | |
| -0.8 to -0.7 | 160 | 2.3% | |
| -0.7 to -0.6 | 638 | 9.4% | |
| -0.6 to -0.5 | 638 | 9.4% | |
| -0.5 to -0.4 | 725 | 10.6% | |
| -0.4 to -0.3 | 724 | 10.6% | |
| -0.3 to -0.2 | 365 | 5.4% | |
| -0.2 to -0.1 | 365 | 5.4% | |
| -0.1 to 0.0 | 282 | 4.1% | |
| 0.0 to 0.1 | 281 | 4.1% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 315 | 4.6% | |
| 0.6 to 0.7 | 315 | 4.6% | |
| 0.7 to 0.8 | 401 | 5.9% | |
| 0.8 to 0.9 | 400 | 5.9% | |
| 0.9 to 1.0 | 94 | 1.4% |
Frequently asked questions
What is the average correlation of TPH?
Tri Pointe Homes, Inc. (TPH) has an average correlation of about -0.052 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TPH positively correlated with other stocks?
Not predominantly — 40.4% of pairs are positive and 59.6% are negative. Strong positive correlations (≥0.7) make up 13.1%.
What is the most common correlation range for TPH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.5% of all pairs.
Explore the full interactive correlation distribution for TPH.
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