CoreCard Corporation (CCRD) Correlation Distribution
Across 6,787 rolling correlation observations between CoreCard Corporation (CCRD) and other NASDAQ-listed stocks, 65.1% are positive and 34.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.163, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.2% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,787
- Mean correlation
- 0.163
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.1%
- Strong positive (≥0.7)
- 6.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 84 | 1.2% | |
| -0.8 to -0.7 | 83 | 1.2% | |
| -0.7 to -0.6 | 296 | 4.4% | |
| -0.6 to -0.5 | 295 | 4.3% | |
| -0.5 to -0.4 | 354 | 5.2% | |
| -0.4 to -0.3 | 354 | 5.2% | |
| -0.3 to -0.2 | 304 | 4.5% | |
| -0.2 to -0.1 | 304 | 4.5% | |
| -0.1 to 0.0 | 294 | 4.3% | |
| 0.0 to 0.1 | 293 | 4.3% | |
| 0.1 to 0.2 | 398 | 5.9% | |
| 0.2 to 0.3 | 398 | 5.9% | |
| 0.3 to 0.4 | 607 | 8.9% | |
| 0.4 to 0.5 | 607 | 8.9% | |
| 0.5 to 0.6 | 847 | 12.5% | |
| 0.6 to 0.7 | 847 | 12.5% | |
| 0.7 to 0.8 | 209 | 3.1% | |
| 0.8 to 0.9 | 209 | 3.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of CCRD?
CoreCard Corporation (CCRD) has an average correlation of about 0.163 with other NASDAQ stocks, based on 6,787 pairwise observations.
Is CCRD positively correlated with other stocks?
Mostly yes — 65.1% of pairs are positive and 34.9% are negative. Strong positive correlations (≥0.7) make up 6.2%.
What is the most common correlation range for CCRD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for CCRD.
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