Walgreens Boots Alliance, Inc (WBA) Correlation Distribution
Across 6,809 rolling correlation observations between Walgreens Boots Alliance, Inc (WBA) and other NASDAQ-listed stocks, 67% are positive and 33% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.225, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.4% and strong negative correlations (≤−0.7) for 12.4%.
- Total observations
- 6,809
- Mean correlation
- 0.225
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67%
- Strong positive (≥0.7)
- 28.4%
- Sector
- Retail-Drug Stores And Proprietary Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 131 | 1.9% | |
| -0.9 to -0.8 | 357 | 5.2% | |
| -0.8 to -0.7 | 356 | 5.2% | |
| -0.7 to -0.6 | 232 | 3.4% | |
| -0.6 to -0.5 | 232 | 3.4% | |
| -0.5 to -0.4 | 207 | 3.0% | |
| -0.4 to -0.3 | 206 | 3.0% | |
| -0.3 to -0.2 | 165 | 2.4% | |
| -0.2 to -0.1 | 165 | 2.4% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 214 | 3.1% | |
| 0.2 to 0.3 | 214 | 3.1% | |
| 0.3 to 0.4 | 312 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 689 | 10.1% | |
| 0.6 to 0.7 | 688 | 10.1% | |
| 0.7 to 0.8 | 880 | 12.9% | |
| 0.8 to 0.9 | 879 | 12.9% | |
| 0.9 to 1.0 | 175 | 2.6% |
Frequently asked questions
What is the average correlation of WBA?
Walgreens Boots Alliance, Inc (WBA) has an average correlation of about 0.225 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WBA positively correlated with other stocks?
Mostly yes — 67% of pairs are positive and 33% are negative. Strong positive correlations (≥0.7) make up 28.4%.
What is the most common correlation range for WBA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for WBA.
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