Cactus, Inc. (WHD) Correlation Distribution
Across 6,809 rolling correlation observations between Cactus, Inc. (WHD) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.8% and strong negative correlations (≤−0.7) for 5.5%.
- Total observations
- 6,809
- Mean correlation
- -0.051
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 6.8%
- Sector
- Oil & Gas Field Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 188 | 2.8% | |
| -0.8 to -0.7 | 188 | 2.8% | |
| -0.7 to -0.6 | 566 | 8.3% | |
| -0.6 to -0.5 | 566 | 8.3% | |
| -0.5 to -0.4 | 559 | 8.2% | |
| -0.4 to -0.3 | 558 | 8.2% | |
| -0.3 to -0.2 | 450 | 6.6% | |
| -0.2 to -0.1 | 450 | 6.6% | |
| -0.1 to 0.0 | 349 | 5.1% | |
| 0.0 to 0.1 | 348 | 5.1% | |
| 0.1 to 0.2 | 322 | 4.7% | |
| 0.2 to 0.3 | 321 | 4.7% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 325 | 4.8% | |
| 0.5 to 0.6 | 416 | 6.1% | |
| 0.6 to 0.7 | 416 | 6.1% | |
| 0.7 to 0.8 | 227 | 3.3% | |
| 0.8 to 0.9 | 226 | 3.3% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of WHD?
Cactus, Inc. (WHD) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WHD positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 6.8%.
What is the most common correlation range for WHD?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 32.9% of all pairs.
Explore the full interactive correlation distribution for WHD.
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