Watsco, Inc. (WSO) Correlation Distribution
Across 6,809 rolling correlation observations between Watsco, Inc. (WSO) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 16.4%
- Sector
- Wholesale-Hardware & Plumbing & Heating Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 342 | 5.0% | |
| -0.8 to -0.7 | 342 | 5.0% | |
| -0.7 to -0.6 | 818 | 12.0% | |
| -0.6 to -0.5 | 817 | 12.0% | |
| -0.5 to -0.4 | 534 | 7.8% | |
| -0.4 to -0.3 | 534 | 7.8% | |
| -0.3 to -0.2 | 274 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 221 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 198 | 2.9% | |
| 0.4 to 0.5 | 198 | 2.9% | |
| 0.5 to 0.6 | 254 | 3.7% | |
| 0.6 to 0.7 | 253 | 3.7% | |
| 0.7 to 0.8 | 400 | 5.9% | |
| 0.8 to 0.9 | 400 | 5.9% | |
| 0.9 to 1.0 | 318 | 4.7% |
Frequently asked questions
What is the average correlation of WSO?
Watsco, Inc. (WSO) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WSO positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for WSO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for WSO.
Open interactive dashboard →