CCLP (CCLP) Correlation Distribution
Across 6,593 rolling correlation observations between CCLP (CCLP) and other NASDAQ-listed stocks, 75.5% are positive and 24.5% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.192, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,593
- Mean correlation
- 0.192
- Most common range
- 0.1 to 0.2
- Positive pairs
- 75.5%
- Strong positive (≥0.7)
- 1.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 47 | 0.7% | |
| -0.6 to -0.5 | 47 | 0.7% | |
| -0.5 to -0.4 | 127 | 1.9% | |
| -0.4 to -0.3 | 127 | 1.9% | |
| -0.3 to -0.2 | 294 | 4.5% | |
| -0.2 to -0.1 | 293 | 4.4% | |
| -0.1 to 0.0 | 667 | 10.1% | |
| 0.0 to 0.1 | 667 | 10.1% | |
| 0.1 to 0.2 | 896 | 13.6% | |
| 0.2 to 0.3 | 896 | 13.6% | |
| 0.3 to 0.4 | 821 | 12.5% | |
| 0.4 to 0.5 | 821 | 12.5% | |
| 0.5 to 0.6 | 395 | 6.0% | |
| 0.6 to 0.7 | 394 | 6.0% | |
| 0.7 to 0.8 | 42 | 0.6% | |
| 0.8 to 0.9 | 42 | 0.6% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CCLP?
CCLP (CCLP) has an average correlation of about 0.192 with other NASDAQ stocks, based on 6,593 pairwise observations.
Is CCLP positively correlated with other stocks?
Mostly yes — 75.5% of pairs are positive and 24.5% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for CCLP?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 56.3% of all pairs.
Explore the full interactive correlation distribution for CCLP.
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