Zurn Elkay Water Solutions Corporation (ZWS) Correlation Distribution
Across 6,800 rolling correlation observations between Zurn Elkay Water Solutions Corporation (ZWS) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.22, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,800
- Mean correlation
- 0.22
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 9.9%
- Sector
- General Industrial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 59 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 145 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 222 | 3.3% | |
| -0.4 to -0.3 | 221 | 3.3% | |
| -0.3 to -0.2 | 302 | 4.4% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 442 | 6.5% | |
| 0.0 to 0.1 | 441 | 6.5% | |
| 0.1 to 0.2 | 602 | 8.9% | |
| 0.2 to 0.3 | 601 | 8.8% | |
| 0.3 to 0.4 | 660 | 9.7% | |
| 0.4 to 0.5 | 659 | 9.7% | |
| 0.5 to 0.6 | 635 | 9.3% | |
| 0.6 to 0.7 | 634 | 9.3% | |
| 0.7 to 0.8 | 331 | 4.9% | |
| 0.8 to 0.9 | 331 | 4.9% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of ZWS?
Zurn Elkay Water Solutions Corporation (ZWS) has an average correlation of about 0.22 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is ZWS positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for ZWS?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.6% of all pairs.
Explore the full interactive correlation distribution for ZWS.
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