Wingstop Inc (WING) Correlation Distribution
Across 6,809 rolling correlation observations between Wingstop Inc (WING) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.2% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.068
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 11.2%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 140 | 2.1% | |
| -0.8 to -0.7 | 140 | 2.1% | |
| -0.7 to -0.6 | 581 | 8.5% | |
| -0.6 to -0.5 | 580 | 8.5% | |
| -0.5 to -0.4 | 809 | 11.9% | |
| -0.4 to -0.3 | 808 | 11.9% | |
| -0.3 to -0.2 | 423 | 6.2% | |
| -0.2 to -0.1 | 422 | 6.2% | |
| -0.1 to 0.0 | 284 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 305 | 4.5% | |
| 0.6 to 0.7 | 304 | 4.5% | |
| 0.7 to 0.8 | 357 | 5.2% | |
| 0.8 to 0.9 | 357 | 5.2% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of WING?
Wingstop Inc (WING) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WING positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 11.2%.
What is the most common correlation range for WING?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.6% of all pairs.
Explore the full interactive correlation distribution for WING.
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