Olympic Steel, Inc. (ZEUS) Correlation Distribution
Across 6,809 rolling correlation observations between Olympic Steel, Inc. (ZEUS) and other NASDAQ-listed stocks, 36.8% are positive and 63.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.135, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.5% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,809
- Mean correlation
- -0.135
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.8%
- Strong positive (≥0.7)
- 5.5%
- Sector
- Wholesale-Metals Service Centers & Offices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 164 | 2.4% | |
| -0.8 to -0.7 | 163 | 2.4% | |
| -0.7 to -0.6 | 894 | 13.1% | |
| -0.6 to -0.5 | 894 | 13.1% | |
| -0.5 to -0.4 | 597 | 8.8% | |
| -0.4 to -0.3 | 596 | 8.8% | |
| -0.3 to -0.2 | 358 | 5.3% | |
| -0.2 to -0.1 | 357 | 5.2% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 308 | 4.5% | |
| 0.2 to 0.3 | 307 | 4.5% | |
| 0.3 to 0.4 | 320 | 4.7% | |
| 0.4 to 0.5 | 320 | 4.7% | |
| 0.5 to 0.6 | 299 | 4.4% | |
| 0.6 to 0.7 | 299 | 4.4% | |
| 0.7 to 0.8 | 180 | 2.6% | |
| 0.8 to 0.9 | 179 | 2.6% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of ZEUS?
Olympic Steel, Inc. (ZEUS) has an average correlation of about -0.135 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ZEUS positively correlated with other stocks?
Not predominantly — 36.8% of pairs are positive and 63.2% are negative. Strong positive correlations (≥0.7) make up 5.5%.
What is the most common correlation range for ZEUS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for ZEUS.
Open interactive dashboard →