CCTS (CCTS) Correlation Distribution
Across 5,844 rolling correlation observations between CCTS (CCTS) and other NASDAQ-listed stocks, 36.9% are positive and 63.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.148, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.4% and strong negative correlations (≤−0.7) for 21.7%.
- Total observations
- 5,844
- Mean correlation
- -0.148
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.9%
- Strong positive (≥0.7)
- 14.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 70 | 1.2% | |
| -0.9 to -0.8 | 600 | 10.3% | |
| -0.8 to -0.7 | 600 | 10.3% | |
| -0.7 to -0.6 | 537 | 9.2% | |
| -0.6 to -0.5 | 537 | 9.2% | |
| -0.5 to -0.4 | 341 | 5.8% | |
| -0.4 to -0.3 | 341 | 5.8% | |
| -0.3 to -0.2 | 237 | 4.1% | |
| -0.2 to -0.1 | 237 | 4.1% | |
| -0.1 to 0.0 | 187 | 3.2% | |
| 0.0 to 0.1 | 186 | 3.2% | |
| 0.1 to 0.2 | 163 | 2.8% | |
| 0.2 to 0.3 | 163 | 2.8% | |
| 0.3 to 0.4 | 169 | 2.9% | |
| 0.4 to 0.5 | 169 | 2.9% | |
| 0.5 to 0.6 | 232 | 4.0% | |
| 0.6 to 0.7 | 231 | 4.0% | |
| 0.7 to 0.8 | 345 | 5.9% | |
| 0.8 to 0.9 | 344 | 5.9% | |
| 0.9 to 1.0 | 155 | 2.7% |
Frequently asked questions
What is the average correlation of CCTS?
CCTS (CCTS) has an average correlation of about -0.148 with other NASDAQ stocks, based on 5,844 pairwise observations.
Is CCTS positively correlated with other stocks?
Not predominantly — 36.9% of pairs are positive and 63.1% are negative. Strong positive correlations (≥0.7) make up 14.4%.
What is the most common correlation range for CCTS?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for CCTS.
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