Textron, Inc. (TXT) Correlation Distribution
Across 6,809 rolling correlation observations between Textron, Inc. (TXT) and other NASDAQ-listed stocks, 45% are positive and 55% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.2% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- -0.014
- Most common range
- -0.5 to -0.4
- Positive pairs
- 45%
- Strong positive (≥0.7)
- 11.2%
- Sector
- Aircraft & Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 174 | 2.6% | |
| -0.8 to -0.7 | 173 | 2.5% | |
| -0.7 to -0.6 | 510 | 7.5% | |
| -0.6 to -0.5 | 509 | 7.5% | |
| -0.5 to -0.4 | 594 | 8.7% | |
| -0.4 to -0.3 | 593 | 8.7% | |
| -0.3 to -0.2 | 433 | 6.4% | |
| -0.2 to -0.1 | 432 | 6.3% | |
| -0.1 to 0.0 | 327 | 4.8% | |
| 0.0 to 0.1 | 326 | 4.8% | |
| 0.1 to 0.2 | 305 | 4.5% | |
| 0.2 to 0.3 | 304 | 4.5% | |
| 0.3 to 0.4 | 284 | 4.2% | |
| 0.4 to 0.5 | 284 | 4.2% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 400 | 5.9% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 369 | 5.4% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of TXT?
Textron, Inc. (TXT) has an average correlation of about -0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TXT positively correlated with other stocks?
Not predominantly — 45% of pairs are positive and 55% are negative. Strong positive correlations (≥0.7) make up 11.2%.
What is the most common correlation range for TXT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.2% of all pairs.
Explore the full interactive correlation distribution for TXT.
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