CHKEZ (CHKEZ) Correlation Distribution
Across 5,867 rolling correlation observations between CHKEZ (CHKEZ) and other NASDAQ-listed stocks, 22.5% are positive and 77.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.408, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.8% and strong negative correlations (≤−0.7) for 43.4%.
- Total observations
- 5,867
- Mean correlation
- -0.408
- Most common range
- -0.9 to -0.8
- Positive pairs
- 22.5%
- Strong positive (≥0.7)
- 3.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 372 | 6.3% | |
| -0.9 to -0.8 | 1,087 | 18.5% | |
| -0.8 to -0.7 | 1,087 | 18.5% | |
| -0.7 to -0.6 | 458 | 7.8% | |
| -0.6 to -0.5 | 458 | 7.8% | |
| -0.5 to -0.4 | 277 | 4.7% | |
| -0.4 to -0.3 | 277 | 4.7% | |
| -0.3 to -0.2 | 187 | 3.2% | |
| -0.2 to -0.1 | 186 | 3.2% | |
| -0.1 to 0.0 | 160 | 2.7% | |
| 0.0 to 0.1 | 159 | 2.7% | |
| 0.1 to 0.2 | 171 | 2.9% | |
| 0.2 to 0.3 | 171 | 2.9% | |
| 0.3 to 0.4 | 159 | 2.7% | |
| 0.4 to 0.5 | 158 | 2.7% | |
| 0.5 to 0.6 | 138 | 2.4% | |
| 0.6 to 0.7 | 138 | 2.4% | |
| 0.7 to 0.8 | 96 | 1.6% | |
| 0.8 to 0.9 | 96 | 1.6% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of CHKEZ?
CHKEZ (CHKEZ) has an average correlation of about -0.408 with other NASDAQ stocks, based on 5,867 pairwise observations.
Is CHKEZ positively correlated with other stocks?
Not predominantly — 22.5% of pairs are positive and 77.5% are negative. Strong positive correlations (≥0.7) make up 3.8%.
What is the most common correlation range for CHKEZ?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for CHKEZ.
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