Wabtec Inc. (WAB) Correlation Distribution
Across 6,809 rolling correlation observations between Wabtec Inc. (WAB) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.084, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,809
- Mean correlation
- -0.084
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 17.4%
- Sector
- Railroad Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.2% | |
| -0.9 to -0.8 | 344 | 5.1% | |
| -0.8 to -0.7 | 344 | 5.1% | |
| -0.7 to -0.6 | 849 | 12.5% | |
| -0.6 to -0.5 | 848 | 12.5% | |
| -0.5 to -0.4 | 513 | 7.5% | |
| -0.4 to -0.3 | 513 | 7.5% | |
| -0.3 to -0.2 | 261 | 3.8% | |
| -0.2 to -0.1 | 261 | 3.8% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 178 | 2.6% | |
| 0.2 to 0.3 | 177 | 2.6% | |
| 0.3 to 0.4 | 197 | 2.9% | |
| 0.4 to 0.5 | 196 | 2.9% | |
| 0.5 to 0.6 | 239 | 3.5% | |
| 0.6 to 0.7 | 238 | 3.5% | |
| 0.7 to 0.8 | 393 | 5.8% | |
| 0.8 to 0.9 | 393 | 5.8% | |
| 0.9 to 1.0 | 402 | 5.9% |
Frequently asked questions
What is the average correlation of WAB?
Wabtec Inc. (WAB) has an average correlation of about -0.084 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WAB positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for WAB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for WAB.
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