Walmart Inc. (WMT) Correlation Distribution
Across 6,809 rolling correlation observations between Walmart Inc. (WMT) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- -0.051
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 14.1%
- Sector
- Retail-Variety Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 161 | 2.4% | |
| -0.8 to -0.7 | 160 | 2.3% | |
| -0.7 to -0.6 | 539 | 7.9% | |
| -0.6 to -0.5 | 538 | 7.9% | |
| -0.5 to -0.4 | 832 | 12.2% | |
| -0.4 to -0.3 | 831 | 12.2% | |
| -0.3 to -0.2 | 418 | 6.1% | |
| -0.2 to -0.1 | 418 | 6.1% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 251 | 3.7% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 226 | 3.3% | |
| 0.4 to 0.5 | 226 | 3.3% | |
| 0.5 to 0.6 | 271 | 4.0% | |
| 0.6 to 0.7 | 271 | 4.0% | |
| 0.7 to 0.8 | 383 | 5.6% | |
| 0.8 to 0.9 | 383 | 5.6% | |
| 0.9 to 1.0 | 193 | 2.8% |
Frequently asked questions
What is the average correlation of WMT?
Walmart Inc. (WMT) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WMT positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for WMT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for WMT.
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