Ermenegildo Zegna N.V. (ZGN) Correlation Distribution
Across 6,789 rolling correlation observations between Ermenegildo Zegna N.V. (ZGN) and other NASDAQ-listed stocks, 39.6% are positive and 60.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,789
- Mean correlation
- -0.091
- Most common range
- -0.1 to 0.0
- Positive pairs
- 39.6%
- Strong positive (≥0.7)
- 2.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 84 | 1.2% | |
| -0.8 to -0.7 | 83 | 1.2% | |
| -0.7 to -0.6 | 480 | 7.1% | |
| -0.6 to -0.5 | 479 | 7.1% | |
| -0.5 to -0.4 | 584 | 8.6% | |
| -0.4 to -0.3 | 583 | 8.6% | |
| -0.3 to -0.2 | 600 | 8.8% | |
| -0.2 to -0.1 | 599 | 8.8% | |
| -0.1 to 0.0 | 608 | 9.0% | |
| 0.0 to 0.1 | 607 | 8.9% | |
| 0.1 to 0.2 | 450 | 6.6% | |
| 0.2 to 0.3 | 450 | 6.6% | |
| 0.3 to 0.4 | 313 | 4.6% | |
| 0.4 to 0.5 | 312 | 4.6% | |
| 0.5 to 0.6 | 203 | 3.0% | |
| 0.6 to 0.7 | 202 | 3.0% | |
| 0.7 to 0.8 | 75 | 1.1% | |
| 0.8 to 0.9 | 75 | 1.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of ZGN?
Ermenegildo Zegna N.V. (ZGN) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,789 pairwise observations.
Is ZGN positively correlated with other stocks?
Not predominantly — 39.6% of pairs are positive and 60.4% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for ZGN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 48.8% of all pairs.
Explore the full interactive correlation distribution for ZGN.
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