CCAIU (CCAIU) Correlation Distribution
Across 5,140 rolling correlation observations between CCAIU (CCAIU) and other NASDAQ-listed stocks, 29% are positive and 71% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.15, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 5,140
- Mean correlation
- -0.15
- Most common range
- -0.5 to -0.4
- Positive pairs
- 29%
- Strong positive (≥0.7)
- 4.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.6% | |
| -0.8 to -0.7 | 31 | 0.6% | |
| -0.7 to -0.6 | 363 | 7.1% | |
| -0.6 to -0.5 | 363 | 7.1% | |
| -0.5 to -0.4 | 887 | 17.3% | |
| -0.4 to -0.3 | 886 | 17.2% | |
| -0.3 to -0.2 | 425 | 8.3% | |
| -0.2 to -0.1 | 424 | 8.2% | |
| -0.1 to 0.0 | 237 | 4.6% | |
| 0.0 to 0.1 | 237 | 4.6% | |
| 0.1 to 0.2 | 178 | 3.5% | |
| 0.2 to 0.3 | 178 | 3.5% | |
| 0.3 to 0.4 | 167 | 3.2% | |
| 0.4 to 0.5 | 166 | 3.2% | |
| 0.5 to 0.6 | 160 | 3.1% | |
| 0.6 to 0.7 | 160 | 3.1% | |
| 0.7 to 0.8 | 123 | 2.4% | |
| 0.8 to 0.9 | 123 | 2.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CCAIU?
CCAIU (CCAIU) has an average correlation of about -0.15 with other NASDAQ stocks, based on 5,140 pairwise observations.
Is CCAIU positively correlated with other stocks?
Not predominantly — 29% of pairs are positive and 71% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for CCAIU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.7% of all pairs.
Explore the full interactive correlation distribution for CCAIU.
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