CAN B CORP (CANB) Correlation Distribution
Across 6,731 rolling correlation observations between CAN B CORP (CANB) and other NASDAQ-listed stocks, 65.3% are positive and 34.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.2% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,731
- Mean correlation
- 0.249
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.3%
- Strong positive (≥0.7)
- 31.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 150 | 2.2% | |
| -0.8 to -0.7 | 149 | 2.2% | |
| -0.7 to -0.6 | 328 | 4.9% | |
| -0.6 to -0.5 | 327 | 4.9% | |
| -0.5 to -0.4 | 336 | 5.0% | |
| -0.4 to -0.3 | 335 | 5.0% | |
| -0.3 to -0.2 | 241 | 3.6% | |
| -0.2 to -0.1 | 241 | 3.6% | |
| -0.1 to 0.0 | 226 | 3.4% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 241 | 3.6% | |
| 0.2 to 0.3 | 240 | 3.6% | |
| 0.3 to 0.4 | 319 | 4.7% | |
| 0.4 to 0.5 | 318 | 4.7% | |
| 0.5 to 0.6 | 476 | 7.1% | |
| 0.6 to 0.7 | 475 | 7.1% | |
| 0.7 to 0.8 | 799 | 11.9% | |
| 0.8 to 0.9 | 798 | 11.9% | |
| 0.9 to 1.0 | 503 | 7.5% |
Frequently asked questions
What is the average correlation of CANB?
CAN B CORP (CANB) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,731 pairwise observations.
Is CANB positively correlated with other stocks?
Mostly yes — 65.3% of pairs are positive and 34.7% are negative. Strong positive correlations (≥0.7) make up 31.2%.
What is the most common correlation range for CANB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for CANB.
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