CBRGW (CBRGW) Correlation Distribution
Across 5,270 rolling correlation observations between CBRGW (CBRGW) and other NASDAQ-listed stocks, 77.2% are positive and 22.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.428, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 46.7% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 5,270
- Mean correlation
- 0.428
- Most common range
- 0.7 to 0.8
- Positive pairs
- 77.2%
- Strong positive (≥0.7)
- 46.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 70 | 1.3% | |
| -0.8 to -0.7 | 70 | 1.3% | |
| -0.7 to -0.6 | 151 | 2.9% | |
| -0.6 to -0.5 | 151 | 2.9% | |
| -0.5 to -0.4 | 146 | 2.8% | |
| -0.4 to -0.3 | 146 | 2.8% | |
| -0.3 to -0.2 | 157 | 3.0% | |
| -0.2 to -0.1 | 156 | 3.0% | |
| -0.1 to 0.0 | 151 | 2.9% | |
| 0.0 to 0.1 | 151 | 2.9% | |
| 0.1 to 0.2 | 167 | 3.2% | |
| 0.2 to 0.3 | 167 | 3.2% | |
| 0.3 to 0.4 | 224 | 4.3% | |
| 0.4 to 0.5 | 224 | 4.3% | |
| 0.5 to 0.6 | 339 | 6.4% | |
| 0.6 to 0.7 | 339 | 6.4% | |
| 0.7 to 0.8 | 863 | 16.4% | |
| 0.8 to 0.9 | 862 | 16.4% | |
| 0.9 to 1.0 | 735 | 13.9% |
Frequently asked questions
What is the average correlation of CBRGW?
CBRGW (CBRGW) has an average correlation of about 0.428 with other NASDAQ stocks, based on 5,270 pairwise observations.
Is CBRGW positively correlated with other stocks?
Mostly yes — 77.2% of pairs are positive and 22.8% are negative. Strong positive correlations (≥0.7) make up 46.7%.
What is the most common correlation range for CBRGW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for CBRGW.
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