Tenaris S. A. (TS) Correlation Distribution
Across 6,809 rolling correlation observations between Tenaris S. A. (TS) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.151, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 20.9%.
- Total observations
- 6,809
- Mean correlation
- -0.151
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 8.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 708 | 10.4% | |
| -0.8 to -0.7 | 708 | 10.4% | |
| -0.7 to -0.6 | 590 | 8.7% | |
| -0.6 to -0.5 | 589 | 8.7% | |
| -0.5 to -0.4 | 384 | 5.6% | |
| -0.4 to -0.3 | 384 | 5.6% | |
| -0.3 to -0.2 | 292 | 4.3% | |
| -0.2 to -0.1 | 292 | 4.3% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 250 | 3.7% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 279 | 4.1% | |
| 0.4 to 0.5 | 279 | 4.1% | |
| 0.5 to 0.6 | 373 | 5.5% | |
| 0.6 to 0.7 | 373 | 5.5% | |
| 0.7 to 0.8 | 279 | 4.1% | |
| 0.8 to 0.9 | 278 | 4.1% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of TS?
Tenaris S. A. (TS) has an average correlation of about -0.151 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TS positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for TS?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for TS.
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