Xerox Holdings Corporation Common Stock (XRX) Correlation Distribution
Across 6,809 rolling correlation observations between Xerox Holdings Corporation Common Stock (XRX) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,809
- Mean correlation
- 0.232
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 25%
- Sector
- Computer Peripheral Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 230 | 3.4% | |
| -0.8 to -0.7 | 229 | 3.4% | |
| -0.7 to -0.6 | 330 | 4.8% | |
| -0.6 to -0.5 | 330 | 4.8% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 189 | 2.8% | |
| 0.0 to 0.1 | 188 | 2.8% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 268 | 3.9% | |
| 0.3 to 0.4 | 351 | 5.2% | |
| 0.4 to 0.5 | 350 | 5.1% | |
| 0.5 to 0.6 | 729 | 10.7% | |
| 0.6 to 0.7 | 729 | 10.7% | |
| 0.7 to 0.8 | 839 | 12.3% | |
| 0.8 to 0.9 | 838 | 12.3% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of XRX?
Xerox Holdings Corporation Common Stock (XRX) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is XRX positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 25%.
What is the most common correlation range for XRX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for XRX.
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