CBRG (CBRG) Correlation Distribution
Across 6,147 rolling correlation observations between CBRG (CBRG) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.148, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 24.6%.
- Total observations
- 6,147
- Mean correlation
- -0.148
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 15.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 167 | 2.7% | |
| -0.9 to -0.8 | 673 | 10.9% | |
| -0.8 to -0.7 | 672 | 10.9% | |
| -0.7 to -0.6 | 511 | 8.3% | |
| -0.6 to -0.5 | 510 | 8.3% | |
| -0.5 to -0.4 | 323 | 5.3% | |
| -0.4 to -0.3 | 322 | 5.2% | |
| -0.3 to -0.2 | 243 | 4.0% | |
| -0.2 to -0.1 | 243 | 4.0% | |
| -0.1 to 0.0 | 195 | 3.2% | |
| 0.0 to 0.1 | 195 | 3.2% | |
| 0.1 to 0.2 | 165 | 2.7% | |
| 0.2 to 0.3 | 165 | 2.7% | |
| 0.3 to 0.4 | 166 | 2.7% | |
| 0.4 to 0.5 | 166 | 2.7% | |
| 0.5 to 0.6 | 234 | 3.8% | |
| 0.6 to 0.7 | 234 | 3.8% | |
| 0.7 to 0.8 | 339 | 5.5% | |
| 0.8 to 0.9 | 338 | 5.5% | |
| 0.9 to 1.0 | 286 | 4.7% |
Frequently asked questions
What is the average correlation of CBRG?
CBRG (CBRG) has an average correlation of about -0.148 with other NASDAQ stocks, based on 6,147 pairwise observations.
Is CBRG positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for CBRG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for CBRG.
Open interactive dashboard →