CEN (CEN) Correlation Distribution
Across 6,317 rolling correlation observations between CEN (CEN) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.168, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 26.9%.
- Total observations
- 6,317
- Mean correlation
- -0.168
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 14.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 146 | 2.3% | |
| -0.9 to -0.8 | 776 | 12.3% | |
| -0.8 to -0.7 | 775 | 12.3% | |
| -0.7 to -0.6 | 508 | 8.0% | |
| -0.6 to -0.5 | 507 | 8.0% | |
| -0.5 to -0.4 | 298 | 4.7% | |
| -0.4 to -0.3 | 298 | 4.7% | |
| -0.3 to -0.2 | 226 | 3.6% | |
| -0.2 to -0.1 | 225 | 3.6% | |
| -0.1 to 0.0 | 199 | 3.2% | |
| 0.0 to 0.1 | 198 | 3.1% | |
| 0.1 to 0.2 | 201 | 3.2% | |
| 0.2 to 0.3 | 200 | 3.2% | |
| 0.3 to 0.4 | 206 | 3.3% | |
| 0.4 to 0.5 | 206 | 3.3% | |
| 0.5 to 0.6 | 226 | 3.6% | |
| 0.6 to 0.7 | 226 | 3.6% | |
| 0.7 to 0.8 | 366 | 5.8% | |
| 0.8 to 0.9 | 365 | 5.8% | |
| 0.9 to 1.0 | 165 | 2.6% |
Frequently asked questions
What is the average correlation of CEN?
CEN (CEN) has an average correlation of about -0.168 with other NASDAQ stocks, based on 6,317 pairwise observations.
Is CEN positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for CEN?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for CEN.
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