Tootsie Roll Industries, Inc. (TR) Correlation Distribution
Across 6,809 rolling correlation observations between Tootsie Roll Industries, Inc. (TR) and other NASDAQ-listed stocks, 35.9% are positive and 64.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.103, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- -0.103
- Most common range
- -0.5 to -0.4
- Positive pairs
- 35.9%
- Strong positive (≥0.7)
- 1.1%
- Sector
- Sugar & Confectionery Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 249 | 3.7% | |
| -0.6 to -0.5 | 249 | 3.7% | |
| -0.5 to -0.4 | 901 | 13.2% | |
| -0.4 to -0.3 | 901 | 13.2% | |
| -0.3 to -0.2 | 698 | 10.3% | |
| -0.2 to -0.1 | 698 | 10.3% | |
| -0.1 to 0.0 | 655 | 9.6% | |
| 0.0 to 0.1 | 654 | 9.6% | |
| 0.1 to 0.2 | 458 | 6.7% | |
| 0.2 to 0.3 | 458 | 6.7% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 283 | 4.2% | |
| 0.5 to 0.6 | 115 | 1.7% | |
| 0.6 to 0.7 | 115 | 1.7% | |
| 0.7 to 0.8 | 38 | 0.6% | |
| 0.8 to 0.9 | 37 | 0.5% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of TR?
Tootsie Roll Industries, Inc. (TR) has an average correlation of about -0.103 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TR positively correlated with other stocks?
Not predominantly — 35.9% of pairs are positive and 64.1% are negative. Strong positive correlations (≥0.7) make up 1.1%.
What is the most common correlation range for TR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 53.2% of all pairs.
Explore the full interactive correlation distribution for TR.
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