Confluent, Inc. Class A Common Stock (CFLT) Correlation Distribution
Across 6,806 rolling correlation observations between Confluent, Inc. Class A Common Stock (CFLT) and other NASDAQ-listed stocks, 73% are positive and 27% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,806
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73%
- Strong positive (≥0.7)
- 25%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 86 | 1.3% | |
| -0.6 to -0.5 | 85 | 1.2% | |
| -0.5 to -0.4 | 290 | 4.3% | |
| -0.4 to -0.3 | 290 | 4.3% | |
| -0.3 to -0.2 | 357 | 5.2% | |
| -0.2 to -0.1 | 356 | 5.2% | |
| -0.1 to 0.0 | 352 | 5.2% | |
| 0.0 to 0.1 | 351 | 5.2% | |
| 0.1 to 0.2 | 352 | 5.2% | |
| 0.2 to 0.3 | 351 | 5.2% | |
| 0.3 to 0.4 | 392 | 5.8% | |
| 0.4 to 0.5 | 392 | 5.8% | |
| 0.5 to 0.6 | 717 | 10.5% | |
| 0.6 to 0.7 | 716 | 10.5% | |
| 0.7 to 0.8 | 839 | 12.3% | |
| 0.8 to 0.9 | 838 | 12.3% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of CFLT?
Confluent, Inc. Class A Common Stock (CFLT) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CFLT positively correlated with other stocks?
Mostly yes — 73% of pairs are positive and 27% are negative. Strong positive correlations (≥0.7) make up 25%.
What is the most common correlation range for CFLT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 31.1% of all pairs.
Explore the full interactive correlation distribution for CFLT.
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