CDAY (CDAY) Correlation Distribution
Across 6,509 rolling correlation observations between CDAY (CDAY) and other NASDAQ-listed stocks, 74% are positive and 26% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.311, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 20.5% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,509
- Mean correlation
- 0.311
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74%
- Strong positive (≥0.7)
- 20.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 125 | 1.9% | |
| -0.6 to -0.5 | 125 | 1.9% | |
| -0.5 to -0.4 | 262 | 4.0% | |
| -0.4 to -0.3 | 261 | 4.0% | |
| -0.3 to -0.2 | 292 | 4.5% | |
| -0.2 to -0.1 | 291 | 4.5% | |
| -0.1 to 0.0 | 314 | 4.8% | |
| 0.0 to 0.1 | 313 | 4.8% | |
| 0.1 to 0.2 | 333 | 5.1% | |
| 0.2 to 0.3 | 332 | 5.1% | |
| 0.3 to 0.4 | 450 | 6.9% | |
| 0.4 to 0.5 | 450 | 6.9% | |
| 0.5 to 0.6 | 802 | 12.3% | |
| 0.6 to 0.7 | 802 | 12.3% | |
| 0.7 to 0.8 | 660 | 10.1% | |
| 0.8 to 0.9 | 660 | 10.1% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of CDAY?
CDAY (CDAY) has an average correlation of about 0.311 with other NASDAQ stocks, based on 6,509 pairwise observations.
Is CDAY positively correlated with other stocks?
Mostly yes — 74% of pairs are positive and 26% are negative. Strong positive correlations (≥0.7) make up 20.5%.
What is the most common correlation range for CDAY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for CDAY.
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