Transcat Inc (TRNS) Correlation Distribution
Across 6,809 rolling correlation observations between Transcat Inc (TRNS) and other NASDAQ-listed stocks, 39.7% are positive and 60.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.093, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,809
- Mean correlation
- -0.093
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.7%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Instruments For Meas & Testing Of Electricity & Elec Signals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 365 | 5.4% | |
| -0.8 to -0.7 | 364 | 5.3% | |
| -0.7 to -0.6 | 666 | 9.8% | |
| -0.6 to -0.5 | 666 | 9.8% | |
| -0.5 to -0.4 | 512 | 7.5% | |
| -0.4 to -0.3 | 511 | 7.5% | |
| -0.3 to -0.2 | 368 | 5.4% | |
| -0.2 to -0.1 | 368 | 5.4% | |
| -0.1 to 0.0 | 285 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 238 | 3.5% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 350 | 5.1% | |
| 0.6 to 0.7 | 349 | 5.1% | |
| 0.7 to 0.8 | 352 | 5.2% | |
| 0.8 to 0.9 | 351 | 5.2% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of TRNS?
Transcat Inc (TRNS) has an average correlation of about -0.093 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TRNS positively correlated with other stocks?
Not predominantly — 39.7% of pairs are positive and 60.3% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for TRNS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for TRNS.
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