Texas Roadhouse, Inc. (TXRH) Correlation Distribution
Across 6,809 rolling correlation observations between Texas Roadhouse, Inc. (TXRH) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.7% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 16.7%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 247 | 3.6% | |
| -0.8 to -0.7 | 246 | 3.6% | |
| -0.7 to -0.6 | 762 | 11.2% | |
| -0.6 to -0.5 | 761 | 11.2% | |
| -0.5 to -0.4 | 630 | 9.3% | |
| -0.4 to -0.3 | 629 | 9.2% | |
| -0.3 to -0.2 | 306 | 4.5% | |
| -0.2 to -0.1 | 305 | 4.5% | |
| -0.1 to 0.0 | 228 | 3.3% | |
| 0.0 to 0.1 | 228 | 3.3% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 201 | 3.0% | |
| 0.3 to 0.4 | 194 | 2.8% | |
| 0.4 to 0.5 | 194 | 2.8% | |
| 0.5 to 0.6 | 265 | 3.9% | |
| 0.6 to 0.7 | 265 | 3.9% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 319 | 4.7% |
Frequently asked questions
What is the average correlation of TXRH?
Texas Roadhouse, Inc. (TXRH) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TXRH positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 16.7%.
What is the most common correlation range for TXRH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for TXRH.
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