Cameco Corporation (CCJ) Correlation Distribution
Across 6,809 rolling correlation observations between Cameco Corporation (CCJ) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.123, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.6% and strong negative correlations (≤−0.7) for 16.1%.
- Total observations
- 6,809
- Mean correlation
- -0.123
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 15.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 542 | 8.0% | |
| -0.8 to -0.7 | 542 | 8.0% | |
| -0.7 to -0.6 | 813 | 11.9% | |
| -0.6 to -0.5 | 812 | 11.9% | |
| -0.5 to -0.4 | 400 | 5.9% | |
| -0.4 to -0.3 | 400 | 5.9% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 251 | 3.7% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 193 | 2.8% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 199 | 2.9% | |
| 0.4 to 0.5 | 198 | 2.9% | |
| 0.5 to 0.6 | 265 | 3.9% | |
| 0.6 to 0.7 | 264 | 3.9% | |
| 0.7 to 0.8 | 435 | 6.4% | |
| 0.8 to 0.9 | 435 | 6.4% | |
| 0.9 to 1.0 | 194 | 2.8% |
Frequently asked questions
What is the average correlation of CCJ?
Cameco Corporation (CCJ) has an average correlation of about -0.123 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CCJ positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 15.6%.
What is the most common correlation range for CCJ?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for CCJ.
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