Cadiz, Inc. Depositary Shares (CDZIP) Correlation Distribution
Across 6,768 rolling correlation observations between Cadiz, Inc. Depositary Shares (CDZIP) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.278, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,768
- Mean correlation
- 0.278
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 14.7%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 11 | 0.2% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 198 | 2.9% | |
| -0.3 to -0.2 | 383 | 5.7% | |
| -0.2 to -0.1 | 383 | 5.7% | |
| -0.1 to 0.0 | 479 | 7.1% | |
| 0.0 to 0.1 | 478 | 7.1% | |
| 0.1 to 0.2 | 465 | 6.9% | |
| 0.2 to 0.3 | 465 | 6.9% | |
| 0.3 to 0.4 | 553 | 8.2% | |
| 0.4 to 0.5 | 552 | 8.2% | |
| 0.5 to 0.6 | 728 | 10.8% | |
| 0.6 to 0.7 | 727 | 10.7% | |
| 0.7 to 0.8 | 498 | 7.4% | |
| 0.8 to 0.9 | 498 | 7.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CDZIP?
Cadiz, Inc. Depositary Shares (CDZIP) has an average correlation of about 0.278 with other NASDAQ stocks, based on 6,768 pairwise observations.
Is CDZIP positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for CDZIP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.2% of all pairs.
Explore the full interactive correlation distribution for CDZIP.
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