Cenntro Inc. Common Stock (CENN) Correlation Distribution
Across 6,775 rolling correlation observations between Cenntro Inc. Common Stock (CENN) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.225, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,775
- Mean correlation
- 0.225
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 30.6%
- Sector
- Motor Vehicles & Passenger Car Bodies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 237 | 3.5% | |
| -0.8 to -0.7 | 236 | 3.5% | |
| -0.7 to -0.6 | 352 | 5.2% | |
| -0.6 to -0.5 | 352 | 5.2% | |
| -0.5 to -0.4 | 293 | 4.3% | |
| -0.4 to -0.3 | 292 | 4.3% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 207 | 3.1% | |
| 0.0 to 0.1 | 207 | 3.1% | |
| 0.1 to 0.2 | 239 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 303 | 4.5% | |
| 0.4 to 0.5 | 302 | 4.5% | |
| 0.5 to 0.6 | 496 | 7.3% | |
| 0.6 to 0.7 | 495 | 7.3% | |
| 0.7 to 0.8 | 845 | 12.5% | |
| 0.8 to 0.9 | 845 | 12.5% | |
| 0.9 to 1.0 | 383 | 5.7% |
Frequently asked questions
What is the average correlation of CENN?
Cenntro Inc. Common Stock (CENN) has an average correlation of about 0.225 with other NASDAQ stocks, based on 6,775 pairwise observations.
Is CENN positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for CENN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for CENN.
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