TWNK (TWNK) Correlation Distribution
Across 6,376 rolling correlation observations between TWNK (TWNK) and other NASDAQ-listed stocks, 32.5% are positive and 67.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.232, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.5% and strong negative correlations (≤−0.7) for 28.4%.
- Total observations
- 6,376
- Mean correlation
- -0.232
- Most common range
- -0.9 to -0.8
- Positive pairs
- 32.5%
- Strong positive (≥0.7)
- 10.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 35 | 0.5% | |
| -0.9 to -0.8 | 889 | 13.9% | |
| -0.8 to -0.7 | 888 | 13.9% | |
| -0.7 to -0.6 | 584 | 9.2% | |
| -0.6 to -0.5 | 583 | 9.1% | |
| -0.5 to -0.4 | 331 | 5.2% | |
| -0.4 to -0.3 | 331 | 5.2% | |
| -0.3 to -0.2 | 237 | 3.7% | |
| -0.2 to -0.1 | 236 | 3.7% | |
| -0.1 to 0.0 | 188 | 2.9% | |
| 0.0 to 0.1 | 188 | 2.9% | |
| 0.1 to 0.2 | 198 | 3.1% | |
| 0.2 to 0.3 | 197 | 3.1% | |
| 0.3 to 0.4 | 197 | 3.1% | |
| 0.4 to 0.5 | 197 | 3.1% | |
| 0.5 to 0.6 | 215 | 3.4% | |
| 0.6 to 0.7 | 215 | 3.4% | |
| 0.7 to 0.8 | 311 | 4.9% | |
| 0.8 to 0.9 | 311 | 4.9% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of TWNK?
TWNK (TWNK) has an average correlation of about -0.232 with other NASDAQ stocks, based on 6,376 pairwise observations.
Is TWNK positively correlated with other stocks?
Not predominantly — 32.5% of pairs are positive and 67.5% are negative. Strong positive correlations (≥0.7) make up 10.5%.
What is the most common correlation range for TWNK?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for TWNK.
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