CEM (CEM) Correlation Distribution
Across 6,767 rolling correlation observations between CEM (CEM) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.115, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 16.9%.
- Total observations
- 6,767
- Mean correlation
- -0.115
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 15.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 569 | 8.4% | |
| -0.8 to -0.7 | 569 | 8.4% | |
| -0.7 to -0.6 | 722 | 10.7% | |
| -0.6 to -0.5 | 722 | 10.7% | |
| -0.5 to -0.4 | 400 | 5.9% | |
| -0.4 to -0.3 | 400 | 5.9% | |
| -0.3 to -0.2 | 272 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 228 | 3.4% | |
| 0.0 to 0.1 | 228 | 3.4% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 192 | 2.8% | |
| 0.3 to 0.4 | 196 | 2.9% | |
| 0.4 to 0.5 | 195 | 2.9% | |
| 0.5 to 0.6 | 261 | 3.9% | |
| 0.6 to 0.7 | 261 | 3.9% | |
| 0.7 to 0.8 | 446 | 6.6% | |
| 0.8 to 0.9 | 446 | 6.6% | |
| 0.9 to 1.0 | 187 | 2.8% |
Frequently asked questions
What is the average correlation of CEM?
CEM (CEM) has an average correlation of about -0.115 with other NASDAQ stocks, based on 6,767 pairwise observations.
Is CEM positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for CEM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for CEM.
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