Zimmer Biomet Holdings, Inc. (ZBH) Correlation Distribution
Across 6,809 rolling correlation observations between Zimmer Biomet Holdings, Inc. (ZBH) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.229, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.3% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.229
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 20.3%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 321 | 4.7% | |
| -0.6 to -0.5 | 320 | 4.7% | |
| -0.5 to -0.4 | 319 | 4.7% | |
| -0.4 to -0.3 | 318 | 4.7% | |
| -0.3 to -0.2 | 326 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 286 | 4.2% | |
| 0.0 to 0.1 | 285 | 4.2% | |
| 0.1 to 0.2 | 350 | 5.1% | |
| 0.2 to 0.3 | 350 | 5.1% | |
| 0.3 to 0.4 | 409 | 6.0% | |
| 0.4 to 0.5 | 409 | 6.0% | |
| 0.5 to 0.6 | 670 | 9.8% | |
| 0.6 to 0.7 | 670 | 9.8% | |
| 0.7 to 0.8 | 693 | 10.2% | |
| 0.8 to 0.9 | 692 | 10.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ZBH?
Zimmer Biomet Holdings, Inc. (ZBH) has an average correlation of about 0.229 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ZBH positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 20.3%.
What is the most common correlation range for ZBH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for ZBH.
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