CHKEL (CHKEL) Correlation Distribution
Across 6,147 rolling correlation observations between CHKEL (CHKEL) and other NASDAQ-listed stocks, 23.6% are positive and 76.4% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.393, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 42.2%.
- Total observations
- 6,147
- Mean correlation
- -0.393
- Most common range
- -0.9 to -0.8
- Positive pairs
- 23.6%
- Strong positive (≥0.7)
- 3.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 367 | 6.0% | |
| -0.9 to -0.8 | 1,113 | 18.1% | |
| -0.8 to -0.7 | 1,113 | 18.1% | |
| -0.7 to -0.6 | 455 | 7.4% | |
| -0.6 to -0.5 | 455 | 7.4% | |
| -0.5 to -0.4 | 299 | 4.9% | |
| -0.4 to -0.3 | 298 | 4.8% | |
| -0.3 to -0.2 | 206 | 3.4% | |
| -0.2 to -0.1 | 206 | 3.4% | |
| -0.1 to 0.0 | 185 | 3.0% | |
| 0.0 to 0.1 | 184 | 3.0% | |
| 0.1 to 0.2 | 191 | 3.1% | |
| 0.2 to 0.3 | 191 | 3.1% | |
| 0.3 to 0.4 | 181 | 2.9% | |
| 0.4 to 0.5 | 181 | 2.9% | |
| 0.5 to 0.6 | 156 | 2.5% | |
| 0.6 to 0.7 | 156 | 2.5% | |
| 0.7 to 0.8 | 91 | 1.5% | |
| 0.8 to 0.9 | 90 | 1.5% | |
| 0.9 to 1.0 | 29 | 0.5% |
Frequently asked questions
What is the average correlation of CHKEL?
CHKEL (CHKEL) has an average correlation of about -0.393 with other NASDAQ stocks, based on 6,147 pairwise observations.
Is CHKEL positively correlated with other stocks?
Not predominantly — 23.6% of pairs are positive and 76.4% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for CHKEL?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for CHKEL.
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