Thomson Reuters Corporation Common Shares (TRI) Correlation Distribution
Across 6,809 rolling correlation observations between Thomson Reuters Corporation Common Shares (TRI) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.8% and strong negative correlations (≤−0.7) for 14.9%.
- Total observations
- 6,809
- Mean correlation
- -0.1
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 16.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 502 | 7.4% | |
| -0.8 to -0.7 | 501 | 7.4% | |
| -0.7 to -0.6 | 755 | 11.1% | |
| -0.6 to -0.5 | 755 | 11.1% | |
| -0.5 to -0.4 | 447 | 6.6% | |
| -0.4 to -0.3 | 446 | 6.6% | |
| -0.3 to -0.2 | 262 | 3.8% | |
| -0.2 to -0.1 | 262 | 3.8% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 201 | 3.0% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 250 | 3.7% | |
| 0.6 to 0.7 | 250 | 3.7% | |
| 0.7 to 0.8 | 434 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 274 | 4.0% |
Frequently asked questions
What is the average correlation of TRI?
Thomson Reuters Corporation Common Shares (TRI) has an average correlation of about -0.1 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRI positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 16.8%.
What is the most common correlation range for TRI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for TRI.
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