Cognyte Software Ltd. Ordinary Shares (CGNT) Correlation Distribution
Across 6,806 rolling correlation observations between Cognyte Software Ltd. Ordinary Shares (CGNT) and other NASDAQ-listed stocks, 71.5% are positive and 28.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.335, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.1% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,806
- Mean correlation
- 0.335
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.5%
- Strong positive (≥0.7)
- 36.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 87 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 193 | 2.8% | |
| -0.6 to -0.5 | 193 | 2.8% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 274 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 349 | 5.1% | |
| 0.4 to 0.5 | 348 | 5.1% | |
| 0.5 to 0.6 | 453 | 6.7% | |
| 0.6 to 0.7 | 452 | 6.6% | |
| 0.7 to 0.8 | 921 | 13.5% | |
| 0.8 to 0.9 | 920 | 13.5% | |
| 0.9 to 1.0 | 619 | 9.1% |
Frequently asked questions
What is the average correlation of CGNT?
Cognyte Software Ltd. Ordinary Shares (CGNT) has an average correlation of about 0.335 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CGNT positively correlated with other stocks?
Mostly yes — 71.5% of pairs are positive and 28.5% are negative. Strong positive correlations (≥0.7) make up 36.1%.
What is the most common correlation range for CGNT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for CGNT.
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