CITE (CITE) Correlation Distribution
Across 6,066 rolling correlation observations between CITE (CITE) and other NASDAQ-listed stocks, 42.2% are positive and 57.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.086, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18.3% and strong negative correlations (≤−0.7) for 23.6%.
- Total observations
- 6,066
- Mean correlation
- -0.086
- Most common range
- -0.9 to -0.8
- Positive pairs
- 42.2%
- Strong positive (≥0.7)
- 18.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 182 | 3.0% | |
| -0.9 to -0.8 | 625 | 10.3% | |
| -0.8 to -0.7 | 625 | 10.3% | |
| -0.7 to -0.6 | 411 | 6.8% | |
| -0.6 to -0.5 | 410 | 6.8% | |
| -0.5 to -0.4 | 272 | 4.5% | |
| -0.4 to -0.3 | 272 | 4.5% | |
| -0.3 to -0.2 | 253 | 4.2% | |
| -0.2 to -0.1 | 252 | 4.2% | |
| -0.1 to 0.0 | 203 | 3.3% | |
| 0.0 to 0.1 | 203 | 3.3% | |
| 0.1 to 0.2 | 188 | 3.1% | |
| 0.2 to 0.3 | 188 | 3.1% | |
| 0.3 to 0.4 | 182 | 3.0% | |
| 0.4 to 0.5 | 181 | 3.0% | |
| 0.5 to 0.6 | 254 | 4.2% | |
| 0.6 to 0.7 | 254 | 4.2% | |
| 0.7 to 0.8 | 386 | 6.4% | |
| 0.8 to 0.9 | 385 | 6.3% | |
| 0.9 to 1.0 | 340 | 5.6% |
Frequently asked questions
What is the average correlation of CITE?
CITE (CITE) has an average correlation of about -0.086 with other NASDAQ stocks, based on 6,066 pairwise observations.
Is CITE positively correlated with other stocks?
Not predominantly — 42.2% of pairs are positive and 57.8% are negative. Strong positive correlations (≥0.7) make up 18.3%.
What is the most common correlation range for CITE?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for CITE.
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