Warner Music Group Corp. Class A Common Stock (WMG) Correlation Distribution
Across 6,809 rolling correlation observations between Warner Music Group Corp. Class A Common Stock (WMG) and other NASDAQ-listed stocks, 76.6% are positive and 23.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.254
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.6%
- Strong positive (≥0.7)
- 2.2%
- Sector
- Services-Amusement & Recreation Services
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 | 8 | 0.1% | |
| -0.6 to -0.5 | 8 | 0.1% | |
| -0.5 to -0.4 | 85 | 1.2% | |
| -0.4 to -0.3 | 85 | 1.2% | |
| -0.3 to -0.2 | 442 | 6.5% | |
| -0.2 to -0.1 | 442 | 6.5% | |
| -0.1 to 0.0 | 526 | 7.7% | |
| 0.0 to 0.1 | 526 | 7.7% | |
| 0.1 to 0.2 | 633 | 9.3% | |
| 0.2 to 0.3 | 633 | 9.3% | |
| 0.3 to 0.4 | 883 | 13.0% | |
| 0.4 to 0.5 | 882 | 13.0% | |
| 0.5 to 0.6 | 753 | 11.1% | |
| 0.6 to 0.7 | 752 | 11.0% | |
| 0.7 to 0.8 | 76 | 1.1% | |
| 0.8 to 0.9 | 75 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of WMG?
Warner Music Group Corp. Class A Common Stock (WMG) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WMG positively correlated with other stocks?
Mostly yes — 76.6% of pairs are positive and 23.4% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for WMG?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47% of all pairs.
Explore the full interactive correlation distribution for WMG.
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