Valmont Industries, Inc. (VMI) Correlation Distribution
Across 6,809 rolling correlation observations between Valmont Industries, Inc. (VMI) and other NASDAQ-listed stocks, 43.6% are positive and 56.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.3% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,809
- Mean correlation
- -0.029
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.6%
- Strong positive (≥0.7)
- 4.3%
- Sector
- Fabricated Structural Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 414 | 6.1% | |
| -0.6 to -0.5 | 414 | 6.1% | |
| -0.5 to -0.4 | 698 | 10.3% | |
| -0.4 to -0.3 | 698 | 10.3% | |
| -0.3 to -0.2 | 553 | 8.1% | |
| -0.2 to -0.1 | 552 | 8.1% | |
| -0.1 to 0.0 | 398 | 5.8% | |
| 0.0 to 0.1 | 398 | 5.8% | |
| 0.1 to 0.2 | 346 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 382 | 5.6% | |
| 0.4 to 0.5 | 381 | 5.6% | |
| 0.5 to 0.6 | 411 | 6.0% | |
| 0.6 to 0.7 | 411 | 6.0% | |
| 0.7 to 0.8 | 145 | 2.1% | |
| 0.8 to 0.9 | 144 | 2.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of VMI?
Valmont Industries, Inc. (VMI) has an average correlation of about -0.029 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is VMI positively correlated with other stocks?
Not predominantly — 43.6% of pairs are positive and 56.4% are negative. Strong positive correlations (≥0.7) make up 4.3%.
What is the most common correlation range for VMI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for VMI.
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