CarGurus, Inc. Class A Common Stock (CARG) Correlation Distribution
Across 6,809 rolling correlation observations between CarGurus, Inc. Class A Common Stock (CARG) and other NASDAQ-listed stocks, 77.5% are positive and 22.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.211, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.211
- Most common range
- 0.1 to 0.2
- Positive pairs
- 77.5%
- Strong positive (≥0.7)
- 3.9%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 103 | 1.5% | |
| -0.5 to -0.4 | 162 | 2.4% | |
| -0.4 to -0.3 | 162 | 2.4% | |
| -0.3 to -0.2 | 256 | 3.8% | |
| -0.2 to -0.1 | 255 | 3.7% | |
| -0.1 to 0.0 | 429 | 6.3% | |
| 0.0 to 0.1 | 428 | 6.3% | |
| 0.1 to 0.2 | 966 | 14.2% | |
| 0.2 to 0.3 | 966 | 14.2% | |
| 0.3 to 0.4 | 877 | 12.9% | |
| 0.4 to 0.5 | 877 | 12.9% | |
| 0.5 to 0.6 | 450 | 6.6% | |
| 0.6 to 0.7 | 449 | 6.6% | |
| 0.7 to 0.8 | 129 | 1.9% | |
| 0.8 to 0.9 | 129 | 1.9% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of CARG?
CarGurus, Inc. Class A Common Stock (CARG) has an average correlation of about 0.211 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CARG positively correlated with other stocks?
Mostly yes — 77.5% of pairs are positive and 22.5% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for CARG?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 48.5% of all pairs.
Explore the full interactive correlation distribution for CARG.
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