CARA (CARA) Correlation Distribution
Across 6,806 rolling correlation observations between CARA (CARA) and other NASDAQ-listed stocks, 65.8% are positive and 34.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.227, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 32.2% and strong negative correlations (≤−0.7) for 11.5%.
- Total observations
- 6,806
- Mean correlation
- 0.227
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.8%
- Strong positive (≥0.7)
- 32.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 57 | 0.8% | |
| -0.9 to -0.8 | 363 | 5.3% | |
| -0.8 to -0.7 | 362 | 5.3% | |
| -0.7 to -0.6 | 274 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 209 | 3.1% | |
| -0.4 to -0.3 | 208 | 3.1% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 190 | 2.8% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 200 | 2.9% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 557 | 8.2% | |
| 0.6 to 0.7 | 557 | 8.2% | |
| 0.7 to 0.8 | 1,032 | 15.2% | |
| 0.8 to 0.9 | 1,031 | 15.1% | |
| 0.9 to 1.0 | 131 | 1.9% |
Frequently asked questions
What is the average correlation of CARA?
CARA (CARA) has an average correlation of about 0.227 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CARA positively correlated with other stocks?
Mostly yes — 65.8% of pairs are positive and 34.2% are negative. Strong positive correlations (≥0.7) make up 32.2%.
What is the most common correlation range for CARA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for CARA.
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