CADIZ, Inc. (CDZI) Correlation Distribution
Across 6,809 rolling correlation observations between CADIZ, Inc. (CDZI) and other NASDAQ-listed stocks, 64.2% are positive and 35.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.207, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.207
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.2%
- Strong positive (≥0.7)
- 22%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 241 | 3.5% | |
| -0.6 to -0.5 | 240 | 3.5% | |
| -0.5 to -0.4 | 381 | 5.6% | |
| -0.4 to -0.3 | 381 | 5.6% | |
| -0.3 to -0.2 | 349 | 5.1% | |
| -0.2 to -0.1 | 348 | 5.1% | |
| -0.1 to 0.0 | 375 | 5.5% | |
| 0.0 to 0.1 | 374 | 5.5% | |
| 0.1 to 0.2 | 395 | 5.8% | |
| 0.2 to 0.3 | 395 | 5.8% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 376 | 5.5% | |
| 0.5 to 0.6 | 480 | 7.0% | |
| 0.6 to 0.7 | 480 | 7.0% | |
| 0.7 to 0.8 | 733 | 10.8% | |
| 0.8 to 0.9 | 733 | 10.8% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of CDZI?
CADIZ, Inc. (CDZI) has an average correlation of about 0.207 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CDZI positively correlated with other stocks?
Mostly yes — 64.2% of pairs are positive and 35.8% are negative. Strong positive correlations (≥0.7) make up 22%.
What is the most common correlation range for CDZI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 32.8% of all pairs.
Explore the full interactive correlation distribution for CDZI.
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