ChargePoint Holdings, Inc. (CHPT) Correlation Distribution
Across 6,806 rolling correlation observations between ChargePoint Holdings, Inc. (CHPT) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 41.4% and strong negative correlations (≤−0.7) for 10.5%.
- Total observations
- 6,806
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 41.4%
- Sector
- Miscellaneous Transportation Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 76 | 1.1% | |
| -0.9 to -0.8 | 318 | 4.7% | |
| -0.8 to -0.7 | 318 | 4.7% | |
| -0.7 to -0.6 | 260 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 179 | 2.6% | |
| -0.4 to -0.3 | 178 | 2.6% | |
| -0.3 to -0.2 | 161 | 2.4% | |
| -0.2 to -0.1 | 161 | 2.4% | |
| -0.1 to 0.0 | 161 | 2.4% | |
| 0.0 to 0.1 | 160 | 2.4% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 200 | 2.9% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 235 | 3.5% | |
| 0.5 to 0.6 | 441 | 6.5% | |
| 0.6 to 0.7 | 440 | 6.5% | |
| 0.7 to 0.8 | 1,169 | 17.2% | |
| 0.8 to 0.9 | 1,169 | 17.2% | |
| 0.9 to 1.0 | 483 | 7.1% |
Frequently asked questions
What is the average correlation of CHPT?
ChargePoint Holdings, Inc. (CHPT) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CHPT positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 41.4%.
What is the most common correlation range for CHPT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.3% of all pairs.
Explore the full interactive correlation distribution for CHPT.
Open interactive dashboard →