CGRN (CGRN) Correlation Distribution
Across 6,297 rolling correlation observations between CGRN (CGRN) and other NASDAQ-listed stocks, 78.5% are positive and 21.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.434, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 51.2% and strong negative correlations (≤−0.7) for 6.1%.
- Total observations
- 6,297
- Mean correlation
- 0.434
- Most common range
- 0.7 to 0.8
- Positive pairs
- 78.5%
- Strong positive (≥0.7)
- 51.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 191 | 3.0% | |
| -0.8 to -0.7 | 191 | 3.0% | |
| -0.7 to -0.6 | 173 | 2.7% | |
| -0.6 to -0.5 | 172 | 2.7% | |
| -0.5 to -0.4 | 141 | 2.2% | |
| -0.4 to -0.3 | 140 | 2.2% | |
| -0.3 to -0.2 | 109 | 1.7% | |
| -0.2 to -0.1 | 109 | 1.7% | |
| -0.1 to 0.0 | 126 | 2.0% | |
| 0.0 to 0.1 | 126 | 2.0% | |
| 0.1 to 0.2 | 163 | 2.6% | |
| 0.2 to 0.3 | 163 | 2.6% | |
| 0.3 to 0.4 | 237 | 3.8% | |
| 0.4 to 0.5 | 236 | 3.7% | |
| 0.5 to 0.6 | 395 | 6.3% | |
| 0.6 to 0.7 | 395 | 6.3% | |
| 0.7 to 0.8 | 1,284 | 20.4% | |
| 0.8 to 0.9 | 1,284 | 20.4% | |
| 0.9 to 1.0 | 657 | 10.4% |
Frequently asked questions
What is the average correlation of CGRN?
CGRN (CGRN) has an average correlation of about 0.434 with other NASDAQ stocks, based on 6,297 pairwise observations.
Is CGRN positively correlated with other stocks?
Mostly yes — 78.5% of pairs are positive and 21.5% are negative. Strong positive correlations (≥0.7) make up 51.2%.
What is the most common correlation range for CGRN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 12.6% of all pairs.
Explore the full interactive correlation distribution for CGRN.
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