Wesco International Inc. (WCC) Correlation Distribution
Across 6,809 rolling correlation observations between Wesco International Inc. (WCC) and other NASDAQ-listed stocks, 40.9% are positive and 59.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.09, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 13.8%.
- Total observations
- 6,809
- Mean correlation
- -0.09
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.9%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Wholesale-Electrical Apparatus & Equipment, Wiring Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 466 | 6.8% | |
| -0.8 to -0.7 | 466 | 6.8% | |
| -0.7 to -0.6 | 707 | 10.4% | |
| -0.6 to -0.5 | 706 | 10.4% | |
| -0.5 to -0.4 | 451 | 6.6% | |
| -0.4 to -0.3 | 451 | 6.6% | |
| -0.3 to -0.2 | 264 | 3.9% | |
| -0.2 to -0.1 | 263 | 3.9% | |
| -0.1 to 0.0 | 238 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 220 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 244 | 3.6% | |
| 0.4 to 0.5 | 244 | 3.6% | |
| 0.5 to 0.6 | 329 | 4.8% | |
| 0.6 to 0.7 | 329 | 4.8% | |
| 0.7 to 0.8 | 456 | 6.7% | |
| 0.8 to 0.9 | 456 | 6.7% | |
| 0.9 to 1.0 | 53 | 0.8% |
Frequently asked questions
What is the average correlation of WCC?
Wesco International Inc. (WCC) has an average correlation of about -0.09 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WCC positively correlated with other stocks?
Not predominantly — 40.9% of pairs are positive and 59.1% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for WCC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for WCC.
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