Cadre Holdings, Inc. (CDRE) Correlation Distribution
Across 6,796 rolling correlation observations between Cadre Holdings, Inc. (CDRE) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,796
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 10.9%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 292 | 4.3% | |
| -0.8 to -0.7 | 291 | 4.3% | |
| -0.7 to -0.6 | 662 | 9.7% | |
| -0.6 to -0.5 | 661 | 9.7% | |
| -0.5 to -0.4 | 600 | 8.8% | |
| -0.4 to -0.3 | 599 | 8.8% | |
| -0.3 to -0.2 | 384 | 5.7% | |
| -0.2 to -0.1 | 383 | 5.6% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 369 | 5.4% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of CDRE?
Cadre Holdings, Inc. (CDRE) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is CDRE positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for CDRE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for CDRE.
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