The Wendy's Company (WEN) Correlation Distribution
Across 6,809 rolling correlation observations between The Wendy's Company (WEN) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.129, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,809
- Mean correlation
- 0.129
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 4.8%
- Sector
- Retail-Eating & Drinking Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 227 | 3.3% | |
| -0.8 to -0.7 | 227 | 3.3% | |
| -0.7 to -0.6 | 334 | 4.9% | |
| -0.6 to -0.5 | 334 | 4.9% | |
| -0.5 to -0.4 | 261 | 3.8% | |
| -0.4 to -0.3 | 261 | 3.8% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 247 | 3.6% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 394 | 5.8% | |
| 0.2 to 0.3 | 394 | 5.8% | |
| 0.3 to 0.4 | 749 | 11.0% | |
| 0.4 to 0.5 | 748 | 11.0% | |
| 0.5 to 0.6 | 778 | 11.4% | |
| 0.6 to 0.7 | 777 | 11.4% | |
| 0.7 to 0.8 | 165 | 2.4% | |
| 0.8 to 0.9 | 164 | 2.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of WEN?
The Wendy's Company (WEN) has an average correlation of about 0.129 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WEN positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for WEN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for WEN.
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