CDAQW (CDAQW) Correlation Distribution
Across 5,112 rolling correlation observations between CDAQW (CDAQW) and other NASDAQ-listed stocks, 75.2% are positive and 24.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.381, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.5% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 5,112
- Mean correlation
- 0.381
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.2%
- Strong positive (≥0.7)
- 37.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.5% | |
| -0.8 to -0.7 | 26 | 0.5% | |
| -0.7 to -0.6 | 112 | 2.2% | |
| -0.6 to -0.5 | 112 | 2.2% | |
| -0.5 to -0.4 | 212 | 4.1% | |
| -0.4 to -0.3 | 212 | 4.1% | |
| -0.3 to -0.2 | 201 | 3.9% | |
| -0.2 to -0.1 | 201 | 3.9% | |
| -0.1 to 0.0 | 165 | 3.2% | |
| 0.0 to 0.1 | 165 | 3.2% | |
| 0.1 to 0.2 | 205 | 4.0% | |
| 0.2 to 0.3 | 205 | 4.0% | |
| 0.3 to 0.4 | 266 | 5.2% | |
| 0.4 to 0.5 | 265 | 5.2% | |
| 0.5 to 0.6 | 410 | 8.0% | |
| 0.6 to 0.7 | 410 | 8.0% | |
| 0.7 to 0.8 | 783 | 15.3% | |
| 0.8 to 0.9 | 783 | 15.3% | |
| 0.9 to 1.0 | 353 | 6.9% |
Frequently asked questions
What is the average correlation of CDAQW?
CDAQW (CDAQW) has an average correlation of about 0.381 with other NASDAQ stocks, based on 5,112 pairwise observations.
Is CDAQW positively correlated with other stocks?
Mostly yes — 75.2% of pairs are positive and 24.8% are negative. Strong positive correlations (≥0.7) make up 37.5%.
What is the most common correlation range for CDAQW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for CDAQW.
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