West Fraser Timber Co. Ltd (WFG) Correlation Distribution
Across 6,806 rolling correlation observations between West Fraser Timber Co. Ltd (WFG) and other NASDAQ-listed stocks, 59.1% are positive and 40.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,806
- Mean correlation
- 0.068
- Most common range
- 0.1 to 0.2
- Positive pairs
- 59.1%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 16 | 0.2% | |
| -0.6 to -0.5 | 16 | 0.2% | |
| -0.5 to -0.4 | 185 | 2.7% | |
| -0.4 to -0.3 | 184 | 2.7% | |
| -0.3 to -0.2 | 741 | 10.9% | |
| -0.2 to -0.1 | 740 | 10.9% | |
| -0.1 to 0.0 | 904 | 13.3% | |
| 0.0 to 0.1 | 903 | 13.3% | |
| 0.1 to 0.2 | 956 | 14.0% | |
| 0.2 to 0.3 | 955 | 14.0% | |
| 0.3 to 0.4 | 463 | 6.8% | |
| 0.4 to 0.5 | 462 | 6.8% | |
| 0.5 to 0.6 | 136 | 2.0% | |
| 0.6 to 0.7 | 135 | 2.0% | |
| 0.7 to 0.8 | 5 | 0.1% | |
| 0.8 to 0.9 | 5 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of WFG?
West Fraser Timber Co. Ltd (WFG) has an average correlation of about 0.068 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is WFG positively correlated with other stocks?
Mostly yes — 59.1% of pairs are positive and 40.9% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for WFG?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 76.4% of all pairs.
Explore the full interactive correlation distribution for WFG.
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