Warner Bros. Discovery, Inc. Series A Common Stock (WBD) Correlation Distribution
Across 6,723 rolling correlation observations between Warner Bros. Discovery, Inc. Series A Common Stock (WBD) and other NASDAQ-listed stocks, 60.6% are positive and 39.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.15, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.2% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,723
- Mean correlation
- 0.15
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60.6%
- Strong positive (≥0.7)
- 17.2%
- Sector
- Cable & Other Pay Television Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 99 | 1.5% | |
| -0.7 to -0.6 | 441 | 6.6% | |
| -0.6 to -0.5 | 441 | 6.6% | |
| -0.5 to -0.4 | 373 | 5.5% | |
| -0.4 to -0.3 | 373 | 5.5% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 267 | 4.0% | |
| 0.0 to 0.1 | 267 | 4.0% | |
| 0.1 to 0.2 | 320 | 4.8% | |
| 0.2 to 0.3 | 320 | 4.8% | |
| 0.3 to 0.4 | 394 | 5.9% | |
| 0.4 to 0.5 | 393 | 5.8% | |
| 0.5 to 0.6 | 611 | 9.1% | |
| 0.6 to 0.7 | 611 | 9.1% | |
| 0.7 to 0.8 | 578 | 8.6% | |
| 0.8 to 0.9 | 578 | 8.6% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of WBD?
Warner Bros. Discovery, Inc. Series A Common Stock (WBD) has an average correlation of about 0.15 with other NASDAQ stocks, based on 6,723 pairwise observations.
Is WBD positively correlated with other stocks?
Mostly yes — 60.6% of pairs are positive and 39.4% are negative. Strong positive correlations (≥0.7) make up 17.2%.
What is the most common correlation range for WBD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for WBD.
Open interactive dashboard →