Forafric Global PLC Warrants (AFRIW) Correlation Distribution
Across 6,505 rolling correlation observations between Forafric Global PLC Warrants (AFRIW) and other NASDAQ-listed stocks, 44% are positive and 56% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.073, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.3% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,505
- Mean correlation
- -0.073
- Most common range
- -0.7 to -0.6
- Positive pairs
- 44%
- Strong positive (≥0.7)
- 6.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 17 | 0.3% | |
| -0.9 to -0.8 | 270 | 4.2% | |
| -0.8 to -0.7 | 270 | 4.2% | |
| -0.7 to -0.6 | 584 | 9.0% | |
| -0.6 to -0.5 | 583 | 9.0% | |
| -0.5 to -0.4 | 417 | 6.4% | |
| -0.4 to -0.3 | 417 | 6.4% | |
| -0.3 to -0.2 | 364 | 5.6% | |
| -0.2 to -0.1 | 363 | 5.6% | |
| -0.1 to 0.0 | 356 | 5.5% | |
| 0.0 to 0.1 | 356 | 5.5% | |
| 0.1 to 0.2 | 367 | 5.6% | |
| 0.2 to 0.3 | 367 | 5.6% | |
| 0.3 to 0.4 | 367 | 5.6% | |
| 0.4 to 0.5 | 366 | 5.6% | |
| 0.5 to 0.6 | 317 | 4.9% | |
| 0.6 to 0.7 | 316 | 4.9% | |
| 0.7 to 0.8 | 176 | 2.7% | |
| 0.8 to 0.9 | 175 | 2.7% | |
| 0.9 to 1.0 | 57 | 0.9% |
Frequently asked questions
What is the average correlation of AFRIW?
Forafric Global PLC Warrants (AFRIW) has an average correlation of about -0.073 with other NASDAQ stocks, based on 6,505 pairwise observations.
Is AFRIW positively correlated with other stocks?
Not predominantly — 44% of pairs are positive and 56% are negative. Strong positive correlations (≥0.7) make up 6.3%.
What is the most common correlation range for AFRIW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 33.4% of all pairs.
Explore the full interactive correlation distribution for AFRIW.
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