Trimble Inc. Common Stock (TRMB) Correlation Distribution
Across 6,809 rolling correlation observations between Trimble Inc. Common Stock (TRMB) and other NASDAQ-listed stocks, 79.2% are positive and 20.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.327
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.2%
- Strong positive (≥0.7)
- 16.1%
- Sector
- Measuring & Controlling Devices, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 152 | 2.2% | |
| -0.4 to -0.3 | 151 | 2.2% | |
| -0.3 to -0.2 | 246 | 3.6% | |
| -0.2 to -0.1 | 245 | 3.6% | |
| -0.1 to 0.0 | 392 | 5.8% | |
| 0.0 to 0.1 | 392 | 5.8% | |
| 0.1 to 0.2 | 465 | 6.8% | |
| 0.2 to 0.3 | 464 | 6.8% | |
| 0.3 to 0.4 | 650 | 9.5% | |
| 0.4 to 0.5 | 650 | 9.5% | |
| 0.5 to 0.6 | 841 | 12.4% | |
| 0.6 to 0.7 | 841 | 12.4% | |
| 0.7 to 0.8 | 527 | 7.7% | |
| 0.8 to 0.9 | 526 | 7.7% | |
| 0.9 to 1.0 | 40 | 0.6% |
Frequently asked questions
What is the average correlation of TRMB?
Trimble Inc. Common Stock (TRMB) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRMB positively correlated with other stocks?
Mostly yes — 79.2% of pairs are positive and 20.8% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for TRMB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.4% of all pairs.
Explore the full interactive correlation distribution for TRMB.
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