Wabash National Corp. (WNC) Correlation Distribution
Across 6,809 rolling correlation observations between Wabash National Corp. (WNC) and other NASDAQ-listed stocks, 36.3% are positive and 63.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.092, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- -0.092
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.3%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Truck Trailers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 36 | 0.5% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 317 | 4.7% | |
| -0.5 to -0.4 | 805 | 11.8% | |
| -0.4 to -0.3 | 805 | 11.8% | |
| -0.3 to -0.2 | 762 | 11.2% | |
| -0.2 to -0.1 | 761 | 11.2% | |
| -0.1 to 0.0 | 497 | 7.3% | |
| 0.0 to 0.1 | 497 | 7.3% | |
| 0.1 to 0.2 | 407 | 6.0% | |
| 0.2 to 0.3 | 406 | 6.0% | |
| 0.3 to 0.4 | 303 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 218 | 3.2% | |
| 0.6 to 0.7 | 218 | 3.2% | |
| 0.7 to 0.8 | 60 | 0.9% | |
| 0.8 to 0.9 | 60 | 0.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of WNC?
Wabash National Corp. (WNC) has an average correlation of about -0.092 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WNC positively correlated with other stocks?
Not predominantly — 36.3% of pairs are positive and 63.7% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for WNC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 48.9% of all pairs.
Explore the full interactive correlation distribution for WNC.
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