Trinity Industries, Inc. (TRN) Correlation Distribution
Across 6,809 rolling correlation observations between Trinity Industries, Inc. (TRN) and other NASDAQ-listed stocks, 64.7% are positive and 35.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.157, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.157
- Most common range
- -0.1 to 0.0
- Positive pairs
- 64.7%
- Strong positive (≥0.7)
- 3.3%
- Sector
- Railroad Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 47 | 0.7% | |
| -0.6 to -0.5 | 46 | 0.7% | |
| -0.5 to -0.4 | 225 | 3.3% | |
| -0.4 to -0.3 | 225 | 3.3% | |
| -0.3 to -0.2 | 525 | 7.7% | |
| -0.2 to -0.1 | 524 | 7.7% | |
| -0.1 to 0.0 | 807 | 11.9% | |
| 0.0 to 0.1 | 807 | 11.9% | |
| 0.1 to 0.2 | 558 | 8.2% | |
| 0.2 to 0.3 | 557 | 8.2% | |
| 0.3 to 0.4 | 601 | 8.8% | |
| 0.4 to 0.5 | 601 | 8.8% | |
| 0.5 to 0.6 | 529 | 7.8% | |
| 0.6 to 0.7 | 529 | 7.8% | |
| 0.7 to 0.8 | 112 | 1.6% | |
| 0.8 to 0.9 | 111 | 1.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of TRN?
Trinity Industries, Inc. (TRN) has an average correlation of about 0.157 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRN positively correlated with other stocks?
Mostly yes — 64.7% of pairs are positive and 35.3% are negative. Strong positive correlations (≥0.7) make up 3.3%.
What is the most common correlation range for TRN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 55.5% of all pairs.
Explore the full interactive correlation distribution for TRN.
Open interactive dashboard →