CHKEW (CHKEW) Correlation Distribution
Across 5,898 rolling correlation observations between CHKEW (CHKEW) and other NASDAQ-listed stocks, 22% are positive and 78% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.411, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 43.5%.
- Total observations
- 5,898
- Mean correlation
- -0.411
- Most common range
- -0.9 to -0.8
- Positive pairs
- 22%
- Strong positive (≥0.7)
- 3.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 324 | 5.5% | |
| -0.9 to -0.8 | 1,122 | 19.0% | |
| -0.8 to -0.7 | 1,122 | 19.0% | |
| -0.7 to -0.6 | 462 | 7.8% | |
| -0.6 to -0.5 | 462 | 7.8% | |
| -0.5 to -0.4 | 286 | 4.8% | |
| -0.4 to -0.3 | 285 | 4.8% | |
| -0.3 to -0.2 | 183 | 3.1% | |
| -0.2 to -0.1 | 182 | 3.1% | |
| -0.1 to 0.0 | 171 | 2.9% | |
| 0.0 to 0.1 | 170 | 2.9% | |
| 0.1 to 0.2 | 163 | 2.8% | |
| 0.2 to 0.3 | 162 | 2.7% | |
| 0.3 to 0.4 | 161 | 2.7% | |
| 0.4 to 0.5 | 161 | 2.7% | |
| 0.5 to 0.6 | 126 | 2.1% | |
| 0.6 to 0.7 | 125 | 2.1% | |
| 0.7 to 0.8 | 99 | 1.7% | |
| 0.8 to 0.9 | 99 | 1.7% | |
| 0.9 to 1.0 | 33 | 0.6% |
Frequently asked questions
What is the average correlation of CHKEW?
CHKEW (CHKEW) has an average correlation of about -0.411 with other NASDAQ stocks, based on 5,898 pairwise observations.
Is CHKEW positively correlated with other stocks?
Not predominantly — 22% of pairs are positive and 78% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for CHKEW?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.5% of all pairs.
Explore the full interactive correlation distribution for CHKEW.
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