CHAA (CHAA) Correlation Distribution
Across 6,291 rolling correlation observations between CHAA (CHAA) and other NASDAQ-listed stocks, 28.7% are positive and 71.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.182, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,291
- Mean correlation
- -0.182
- Most common range
- -0.5 to -0.4
- Positive pairs
- 28.7%
- Strong positive (≥0.7)
- 1.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 689 | 11.0% | |
| -0.6 to -0.5 | 688 | 10.9% | |
| -0.5 to -0.4 | 1,045 | 16.6% | |
| -0.4 to -0.3 | 1,044 | 16.6% | |
| -0.3 to -0.2 | 359 | 5.7% | |
| -0.2 to -0.1 | 359 | 5.7% | |
| -0.1 to 0.0 | 215 | 3.4% | |
| 0.0 to 0.1 | 214 | 3.4% | |
| 0.1 to 0.2 | 210 | 3.3% | |
| 0.2 to 0.3 | 209 | 3.3% | |
| 0.3 to 0.4 | 231 | 3.7% | |
| 0.4 to 0.5 | 231 | 3.7% | |
| 0.5 to 0.6 | 299 | 4.8% | |
| 0.6 to 0.7 | 298 | 4.7% | |
| 0.7 to 0.8 | 35 | 0.6% | |
| 0.8 to 0.9 | 34 | 0.5% | |
| 0.9 to 1.0 | 47 | 0.7% |
Frequently asked questions
What is the average correlation of CHAA?
CHAA (CHAA) has an average correlation of about -0.182 with other NASDAQ stocks, based on 6,291 pairwise observations.
Is CHAA positively correlated with other stocks?
Not predominantly — 28.7% of pairs are positive and 71.3% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for CHAA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for CHAA.
Open interactive dashboard →