China Natural Resources, Inc. (CHNR) Correlation Distribution
Across 6,800 rolling correlation observations between China Natural Resources, Inc. (CHNR) and other NASDAQ-listed stocks, 66.2% are positive and 33.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.259, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.5% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,800
- Mean correlation
- 0.259
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.2%
- Strong positive (≥0.7)
- 37.5%
- Sector
- Wholesale-Miscellaneous Nondurable Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 321 | 4.7% | |
| -0.8 to -0.7 | 320 | 4.7% | |
| -0.7 to -0.6 | 317 | 4.7% | |
| -0.6 to -0.5 | 316 | 4.6% | |
| -0.5 to -0.4 | 211 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 206 | 3.0% | |
| -0.2 to -0.1 | 206 | 3.0% | |
| -0.1 to 0.0 | 177 | 2.6% | |
| 0.0 to 0.1 | 176 | 2.6% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 255 | 3.8% | |
| 0.4 to 0.5 | 255 | 3.8% | |
| 0.5 to 0.6 | 429 | 6.3% | |
| 0.6 to 0.7 | 428 | 6.3% | |
| 0.7 to 0.8 | 1,030 | 15.1% | |
| 0.8 to 0.9 | 1,030 | 15.1% | |
| 0.9 to 1.0 | 493 | 7.3% |
Frequently asked questions
What is the average correlation of CHNR?
China Natural Resources, Inc. (CHNR) has an average correlation of about 0.259 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is CHNR positively correlated with other stocks?
Mostly yes — 66.2% of pairs are positive and 33.8% are negative. Strong positive correlations (≥0.7) make up 37.5%.
What is the most common correlation range for CHNR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for CHNR.
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