Artesian Resources Corp (ARTNA) Correlation Distribution
Across 6,809 rolling correlation observations between Artesian Resources Corp (ARTNA) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.061, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.061
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 4%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 138 | 2.0% | |
| -0.7 to -0.6 | 328 | 4.8% | |
| -0.6 to -0.5 | 328 | 4.8% | |
| -0.5 to -0.4 | 489 | 7.2% | |
| -0.4 to -0.3 | 488 | 7.2% | |
| -0.3 to -0.2 | 749 | 11.0% | |
| -0.2 to -0.1 | 749 | 11.0% | |
| -0.1 to 0.0 | 606 | 8.9% | |
| 0.0 to 0.1 | 605 | 8.9% | |
| 0.1 to 0.2 | 436 | 6.4% | |
| 0.2 to 0.3 | 436 | 6.4% | |
| 0.3 to 0.4 | 317 | 4.7% | |
| 0.4 to 0.5 | 317 | 4.7% | |
| 0.5 to 0.6 | 206 | 3.0% | |
| 0.6 to 0.7 | 205 | 3.0% | |
| 0.7 to 0.8 | 127 | 1.9% | |
| 0.8 to 0.9 | 126 | 1.9% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of ARTNA?
Artesian Resources Corp (ARTNA) has an average correlation of about -0.061 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ARTNA positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 4%.
What is the most common correlation range for ARTNA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.6% of all pairs.
Explore the full interactive correlation distribution for ARTNA.
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