CGA (CGA) Correlation Distribution
Across 6,772 rolling correlation observations between CGA (CGA) and other NASDAQ-listed stocks, 74.3% are positive and 25.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.1% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,772
- Mean correlation
- 0.305
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.3%
- Strong positive (≥0.7)
- 22.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 99 | 1.5% | |
| -0.7 to -0.6 | 114 | 1.7% | |
| -0.6 to -0.5 | 114 | 1.7% | |
| -0.5 to -0.4 | 258 | 3.8% | |
| -0.4 to -0.3 | 258 | 3.8% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 271 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 354 | 5.2% | |
| 0.2 to 0.3 | 354 | 5.2% | |
| 0.3 to 0.4 | 517 | 7.6% | |
| 0.4 to 0.5 | 517 | 7.6% | |
| 0.5 to 0.6 | 762 | 11.3% | |
| 0.6 to 0.7 | 761 | 11.2% | |
| 0.7 to 0.8 | 704 | 10.4% | |
| 0.8 to 0.9 | 703 | 10.4% | |
| 0.9 to 1.0 | 87 | 1.3% |
Frequently asked questions
What is the average correlation of CGA?
CGA (CGA) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,772 pairwise observations.
Is CGA positively correlated with other stocks?
Mostly yes — 74.3% of pairs are positive and 25.7% are negative. Strong positive correlations (≥0.7) make up 22.1%.
What is the most common correlation range for CGA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.3% of all pairs.
Explore the full interactive correlation distribution for CGA.
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