CCAI (CCAI) Correlation Distribution
Across 5,624 rolling correlation observations between CCAI (CCAI) and other NASDAQ-listed stocks, 27.1% are positive and 72.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.232, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 5,624
- Mean correlation
- -0.232
- Most common range
- -0.7 to -0.6
- Positive pairs
- 27.1%
- Strong positive (≥0.7)
- 6.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 214 | 3.8% | |
| -0.8 to -0.7 | 213 | 3.8% | |
| -0.7 to -0.6 | 918 | 16.3% | |
| -0.6 to -0.5 | 917 | 16.3% | |
| -0.5 to -0.4 | 576 | 10.2% | |
| -0.4 to -0.3 | 575 | 10.2% | |
| -0.3 to -0.2 | 255 | 4.5% | |
| -0.2 to -0.1 | 254 | 4.5% | |
| -0.1 to 0.0 | 175 | 3.1% | |
| 0.0 to 0.1 | 175 | 3.1% | |
| 0.1 to 0.2 | 159 | 2.8% | |
| 0.2 to 0.3 | 159 | 2.8% | |
| 0.3 to 0.4 | 153 | 2.7% | |
| 0.4 to 0.5 | 153 | 2.7% | |
| 0.5 to 0.6 | 170 | 3.0% | |
| 0.6 to 0.7 | 169 | 3.0% | |
| 0.7 to 0.8 | 181 | 3.2% | |
| 0.8 to 0.9 | 180 | 3.2% | |
| 0.9 to 1.0 | 27 | 0.5% |
Frequently asked questions
What is the average correlation of CCAI?
CCAI (CCAI) has an average correlation of about -0.232 with other NASDAQ stocks, based on 5,624 pairwise observations.
Is CCAI positively correlated with other stocks?
Not predominantly — 27.1% of pairs are positive and 72.9% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for CCAI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for CCAI.
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