Urban Outfitters Inc (URBN) Correlation Distribution
Across 6,809 rolling correlation observations between Urban Outfitters Inc (URBN) and other NASDAQ-listed stocks, 47.2% are positive and 52.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.8% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- 0.042
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.2%
- Strong positive (≥0.7)
- 11.8%
- Sector
- Retail-Family Clothing Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 72 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 294 | 4.3% | |
| -0.6 to -0.5 | 293 | 4.3% | |
| -0.5 to -0.4 | 560 | 8.2% | |
| -0.4 to -0.3 | 560 | 8.2% | |
| -0.3 to -0.2 | 671 | 9.9% | |
| -0.2 to -0.1 | 670 | 9.8% | |
| -0.1 to 0.0 | 404 | 5.9% | |
| 0.0 to 0.1 | 404 | 5.9% | |
| 0.1 to 0.2 | 326 | 4.8% | |
| 0.2 to 0.3 | 326 | 4.8% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 308 | 4.5% | |
| 0.5 to 0.6 | 368 | 5.4% | |
| 0.6 to 0.7 | 368 | 5.4% | |
| 0.7 to 0.8 | 381 | 5.6% | |
| 0.8 to 0.9 | 381 | 5.6% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of URBN?
Urban Outfitters Inc (URBN) has an average correlation of about 0.042 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is URBN positively correlated with other stocks?
Not predominantly — 47.2% of pairs are positive and 52.8% are negative. Strong positive correlations (≥0.7) make up 11.8%.
What is the most common correlation range for URBN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 41.1% of all pairs.
Explore the full interactive correlation distribution for URBN.
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