Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU) Correlation Distribution
Across 6,809 rolling correlation observations between Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.147, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 18.8%.
- Total observations
- 6,809
- Mean correlation
- -0.147
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 16.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 630 | 9.3% | |
| -0.8 to -0.7 | 630 | 9.3% | |
| -0.7 to -0.6 | 847 | 12.4% | |
| -0.6 to -0.5 | 846 | 12.4% | |
| -0.5 to -0.4 | 347 | 5.1% | |
| -0.4 to -0.3 | 347 | 5.1% | |
| -0.3 to -0.2 | 232 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 187 | 2.7% | |
| 0.0 to 0.1 | 186 | 2.7% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 190 | 2.8% | |
| 0.3 to 0.4 | 192 | 2.8% | |
| 0.4 to 0.5 | 191 | 2.8% | |
| 0.5 to 0.6 | 223 | 3.3% | |
| 0.6 to 0.7 | 222 | 3.3% | |
| 0.7 to 0.8 | 404 | 5.9% | |
| 0.8 to 0.9 | 403 | 5.9% | |
| 0.9 to 1.0 | 287 | 4.2% |
Frequently asked questions
What is the average correlation of CEPU?
Central Puerto S.A. American Depositary Shares (each represents ten Common Shares) (CEPU) has an average correlation of about -0.147 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CEPU positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for CEPU?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for CEPU.
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