Clean Energy Technologies, Inc. Common Stock (CETY) Correlation Distribution
Across 6,757 rolling correlation observations between Clean Energy Technologies, Inc. Common Stock (CETY) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.049, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,757
- Mean correlation
- -0.049
- Most common range
- -0.1 to 0.0
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Natural Gas Distribution
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 491 | 7.3% | |
| -0.6 to -0.5 | 490 | 7.3% | |
| -0.5 to -0.4 | 508 | 7.5% | |
| -0.4 to -0.3 | 508 | 7.5% | |
| -0.3 to -0.2 | 531 | 7.9% | |
| -0.2 to -0.1 | 530 | 7.8% | |
| -0.1 to 0.0 | 604 | 8.9% | |
| 0.0 to 0.1 | 604 | 8.9% | |
| 0.1 to 0.2 | 550 | 8.1% | |
| 0.2 to 0.3 | 550 | 8.1% | |
| 0.3 to 0.4 | 385 | 5.7% | |
| 0.4 to 0.5 | 384 | 5.7% | |
| 0.5 to 0.6 | 234 | 3.5% | |
| 0.6 to 0.7 | 233 | 3.4% | |
| 0.7 to 0.8 | 59 | 0.9% | |
| 0.8 to 0.9 | 59 | 0.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CETY?
Clean Energy Technologies, Inc. Common Stock (CETY) has an average correlation of about -0.049 with other NASDAQ stocks, based on 6,757 pairwise observations.
Is CETY positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for CETY?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 49.9% of all pairs.
Explore the full interactive correlation distribution for CETY.
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