Weis Markets, Inc. (WMK) Correlation Distribution
Across 6,809 rolling correlation observations between Weis Markets, Inc. (WMK) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.139, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,809
- Mean correlation
- -0.139
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 1.6%
- Sector
- Retail-Grocery Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 190 | 2.8% | |
| -0.8 to -0.7 | 190 | 2.8% | |
| -0.7 to -0.6 | 745 | 10.9% | |
| -0.6 to -0.5 | 745 | 10.9% | |
| -0.5 to -0.4 | 528 | 7.8% | |
| -0.4 to -0.3 | 528 | 7.8% | |
| -0.3 to -0.2 | 430 | 6.3% | |
| -0.2 to -0.1 | 429 | 6.3% | |
| -0.1 to 0.0 | 401 | 5.9% | |
| 0.0 to 0.1 | 400 | 5.9% | |
| 0.1 to 0.2 | 446 | 6.6% | |
| 0.2 to 0.3 | 446 | 6.6% | |
| 0.3 to 0.4 | 391 | 5.7% | |
| 0.4 to 0.5 | 391 | 5.7% | |
| 0.5 to 0.6 | 220 | 3.2% | |
| 0.6 to 0.7 | 219 | 3.2% | |
| 0.7 to 0.8 | 55 | 0.8% | |
| 0.8 to 0.9 | 54 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of WMK?
Weis Markets, Inc. (WMK) has an average correlation of about -0.139 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WMK 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 1.6%.
What is the most common correlation range for WMK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 37.5% of all pairs.
Explore the full interactive correlation distribution for WMK.
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