CEMTREX INC SRS 1 PFD (CETXP) Correlation Distribution
Across 6,481 rolling correlation observations between CEMTREX INC SRS 1 PFD (CETXP) and other NASDAQ-listed stocks, 66.9% are positive and 33.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.248, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.2% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,481
- Mean correlation
- 0.248
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.9%
- Strong positive (≥0.7)
- 28.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 115 | 1.8% | |
| -0.8 to -0.7 | 115 | 1.8% | |
| -0.7 to -0.6 | 304 | 4.7% | |
| -0.6 to -0.5 | 303 | 4.7% | |
| -0.5 to -0.4 | 289 | 4.5% | |
| -0.4 to -0.3 | 289 | 4.5% | |
| -0.3 to -0.2 | 247 | 3.8% | |
| -0.2 to -0.1 | 246 | 3.8% | |
| -0.1 to 0.0 | 235 | 3.6% | |
| 0.0 to 0.1 | 234 | 3.6% | |
| 0.1 to 0.2 | 257 | 4.0% | |
| 0.2 to 0.3 | 256 | 4.0% | |
| 0.3 to 0.4 | 333 | 5.1% | |
| 0.4 to 0.5 | 333 | 5.1% | |
| 0.5 to 0.6 | 549 | 8.5% | |
| 0.6 to 0.7 | 549 | 8.5% | |
| 0.7 to 0.8 | 912 | 14.1% | |
| 0.8 to 0.9 | 911 | 14.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of CETXP?
CEMTREX INC SRS 1 PFD (CETXP) has an average correlation of about 0.248 with other NASDAQ stocks, based on 6,481 pairwise observations.
Is CETXP positively correlated with other stocks?
Mostly yes — 66.9% of pairs are positive and 33.1% are negative. Strong positive correlations (≥0.7) make up 28.2%.
What is the most common correlation range for CETXP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for CETXP.
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