White Mountains Insurance Group Ltd. (WTM) Correlation Distribution
Across 6,809 rolling correlation observations between White Mountains Insurance Group Ltd. (WTM) and other NASDAQ-listed stocks, 37% are positive and 63% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.155, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 22.9%.
- Total observations
- 6,809
- Mean correlation
- -0.155
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 39 | 0.6% | |
| -0.9 to -0.8 | 759 | 11.1% | |
| -0.8 to -0.7 | 758 | 11.1% | |
| -0.7 to -0.6 | 731 | 10.7% | |
| -0.6 to -0.5 | 730 | 10.7% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 182 | 2.7% | |
| 0.4 to 0.5 | 181 | 2.7% | |
| 0.5 to 0.6 | 243 | 3.6% | |
| 0.6 to 0.7 | 243 | 3.6% | |
| 0.7 to 0.8 | 424 | 6.2% | |
| 0.8 to 0.9 | 423 | 6.2% | |
| 0.9 to 1.0 | 238 | 3.5% |
Frequently asked questions
What is the average correlation of WTM?
White Mountains Insurance Group Ltd. (WTM) has an average correlation of about -0.155 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WTM positively correlated with other stocks?
Not predominantly — 37% of pairs are positive and 63% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for WTM?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for WTM.
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