Watts Water Technologies, Inc. Class A (WTS) Correlation Distribution
Across 6,809 rolling correlation observations between Watts Water Technologies, Inc. Class A (WTS) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 6.2%.
- Total observations
- 6,809
- Mean correlation
- -0.034
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 13.6%
- Sector
- Miscellaneous Fabricated Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 210 | 3.1% | |
| -0.8 to -0.7 | 209 | 3.1% | |
| -0.7 to -0.6 | 654 | 9.6% | |
| -0.6 to -0.5 | 654 | 9.6% | |
| -0.5 to -0.4 | 551 | 8.1% | |
| -0.4 to -0.3 | 551 | 8.1% | |
| -0.3 to -0.2 | 378 | 5.6% | |
| -0.2 to -0.1 | 377 | 5.5% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 250 | 3.7% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 352 | 5.2% | |
| 0.6 to 0.7 | 351 | 5.2% | |
| 0.7 to 0.8 | 441 | 6.5% | |
| 0.8 to 0.9 | 441 | 6.5% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of WTS?
Watts Water Technologies, Inc. Class A (WTS) has an average correlation of about -0.034 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WTS positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for WTS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for WTS.
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