CBAY (CBAY) Correlation Distribution
Across 6,581 rolling correlation observations between CBAY (CBAY) and other NASDAQ-listed stocks, 31.4% are positive and 68.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.144, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.4% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,581
- Mean correlation
- -0.144
- Most common range
- -0.5 to -0.4
- Positive pairs
- 31.4%
- Strong positive (≥0.7)
- 8.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 153 | 2.3% | |
| -0.8 to -0.7 | 153 | 2.3% | |
| -0.7 to -0.6 | 588 | 8.9% | |
| -0.6 to -0.5 | 587 | 8.9% | |
| -0.5 to -0.4 | 964 | 14.6% | |
| -0.4 to -0.3 | 964 | 14.6% | |
| -0.3 to -0.2 | 414 | 6.3% | |
| -0.2 to -0.1 | 413 | 6.3% | |
| -0.1 to 0.0 | 271 | 4.1% | |
| 0.0 to 0.1 | 271 | 4.1% | |
| 0.1 to 0.2 | 223 | 3.4% | |
| 0.2 to 0.3 | 223 | 3.4% | |
| 0.3 to 0.4 | 209 | 3.2% | |
| 0.4 to 0.5 | 208 | 3.2% | |
| 0.5 to 0.6 | 190 | 2.9% | |
| 0.6 to 0.7 | 189 | 2.9% | |
| 0.7 to 0.8 | 214 | 3.3% | |
| 0.8 to 0.9 | 213 | 3.2% | |
| 0.9 to 1.0 | 128 | 1.9% |
Frequently asked questions
What is the average correlation of CBAY?
CBAY (CBAY) has an average correlation of about -0.144 with other NASDAQ stocks, based on 6,581 pairwise observations.
Is CBAY positively correlated with other stocks?
Not predominantly — 31.4% of pairs are positive and 68.6% are negative. Strong positive correlations (≥0.7) make up 8.4%.
What is the most common correlation range for CBAY?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.6% of all pairs.
Explore the full interactive correlation distribution for CBAY.
Open interactive dashboard →