Williams Companies Inc. (WMB) Correlation Distribution
Across 6,809 rolling correlation observations between Williams Companies Inc. (WMB) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.106, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.8% and strong negative correlations (≤−0.7) for 12.1%.
- Total observations
- 6,809
- Mean correlation
- -0.106
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 14.8%
- Sector
- Natural Gas Transmission
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 408 | 6.0% | |
| -0.8 to -0.7 | 408 | 6.0% | |
| -0.7 to -0.6 | 832 | 12.2% | |
| -0.6 to -0.5 | 831 | 12.2% | |
| -0.5 to -0.4 | 459 | 6.7% | |
| -0.4 to -0.3 | 458 | 6.7% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 278 | 4.1% | |
| -0.1 to 0.0 | 238 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 191 | 2.8% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 264 | 3.9% | |
| 0.6 to 0.7 | 264 | 3.9% | |
| 0.7 to 0.8 | 386 | 5.7% | |
| 0.8 to 0.9 | 385 | 5.7% | |
| 0.9 to 1.0 | 234 | 3.4% |
Frequently asked questions
What is the average correlation of WMB?
Williams Companies Inc. (WMB) has an average correlation of about -0.106 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WMB positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 14.8%.
What is the most common correlation range for WMB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for WMB.
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