CEMTREX INC. (CETX) Correlation Distribution
Across 6,808 rolling correlation observations between CEMTREX INC. (CETX) and other NASDAQ-listed stocks, 66.6% are positive and 33.4% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.281, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.9% and strong negative correlations (≤−0.7) for 7.4%.
- Total observations
- 6,808
- Mean correlation
- 0.281
- Most common range
- 0.9 to 1.0
- Positive pairs
- 66.6%
- Strong positive (≥0.7)
- 38.9%
- Sector
- Electronic Components & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 247 | 3.6% | |
| -0.8 to -0.7 | 247 | 3.6% | |
| -0.7 to -0.6 | 346 | 5.1% | |
| -0.6 to -0.5 | 345 | 5.1% | |
| -0.5 to -0.4 | 239 | 3.5% | |
| -0.4 to -0.3 | 238 | 3.5% | |
| -0.3 to -0.2 | 212 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 178 | 2.6% | |
| 0.0 to 0.1 | 177 | 2.6% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 240 | 3.5% | |
| 0.4 to 0.5 | 240 | 3.5% | |
| 0.5 to 0.6 | 397 | 5.8% | |
| 0.6 to 0.7 | 396 | 5.8% | |
| 0.7 to 0.8 | 880 | 12.9% | |
| 0.8 to 0.9 | 880 | 12.9% | |
| 0.9 to 1.0 | 889 | 13.1% |
Frequently asked questions
What is the average correlation of CETX?
CEMTREX INC. (CETX) has an average correlation of about 0.281 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CETX positively correlated with other stocks?
Mostly yes — 66.6% of pairs are positive and 33.4% are negative. Strong positive correlations (≥0.7) make up 38.9%.
What is the most common correlation range for CETX?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for CETX.
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