CBD (CBD) Correlation Distribution
Across 6,624 rolling correlation observations between CBD (CBD) and other NASDAQ-listed stocks, 61.7% are positive and 38.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.14, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.6% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,624
- Mean correlation
- 0.14
- Most common range
- 0.5 to 0.6
- Positive pairs
- 61.7%
- Strong positive (≥0.7)
- 17.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 364 | 5.5% | |
| -0.8 to -0.7 | 363 | 5.5% | |
| -0.7 to -0.6 | 334 | 5.0% | |
| -0.6 to -0.5 | 334 | 5.0% | |
| -0.5 to -0.4 | 230 | 3.5% | |
| -0.4 to -0.3 | 229 | 3.5% | |
| -0.3 to -0.2 | 222 | 3.4% | |
| -0.2 to -0.1 | 222 | 3.4% | |
| -0.1 to 0.0 | 235 | 3.5% | |
| 0.0 to 0.1 | 234 | 3.5% | |
| 0.1 to 0.2 | 249 | 3.8% | |
| 0.2 to 0.3 | 249 | 3.8% | |
| 0.3 to 0.4 | 419 | 6.3% | |
| 0.4 to 0.5 | 418 | 6.3% | |
| 0.5 to 0.6 | 678 | 10.2% | |
| 0.6 to 0.7 | 677 | 10.2% | |
| 0.7 to 0.8 | 560 | 8.5% | |
| 0.8 to 0.9 | 559 | 8.4% | |
| 0.9 to 1.0 | 44 | 0.7% |
Frequently asked questions
What is the average correlation of CBD?
CBD (CBD) has an average correlation of about 0.14 with other NASDAQ stocks, based on 6,624 pairwise observations.
Is CBD positively correlated with other stocks?
Mostly yes — 61.7% of pairs are positive and 38.3% are negative. Strong positive correlations (≥0.7) make up 17.6%.
What is the most common correlation range for CBD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 21.3% of all pairs.
Explore the full interactive correlation distribution for CBD.
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