Chijet Motor Company, Inc. Ordinary Shares (CJET) Correlation Distribution
Across 5,994 rolling correlation observations between Chijet Motor Company, Inc. Ordinary Shares (CJET) and other NASDAQ-listed stocks, 45.3% are positive and 54.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18.2% and strong negative correlations (≤−0.7) for 15.1%.
- Total observations
- 5,994
- Mean correlation
- -0.032
- Most common range
- -0.7 to -0.6
- Positive pairs
- 45.3%
- Strong positive (≥0.7)
- 18.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.2% | |
| -0.9 to -0.8 | 448 | 7.5% | |
| -0.8 to -0.7 | 447 | 7.5% | |
| -0.7 to -0.6 | 506 | 8.4% | |
| -0.6 to -0.5 | 506 | 8.4% | |
| -0.5 to -0.4 | 338 | 5.6% | |
| -0.4 to -0.3 | 338 | 5.6% | |
| -0.3 to -0.2 | 242 | 4.0% | |
| -0.2 to -0.1 | 242 | 4.0% | |
| -0.1 to 0.0 | 201 | 3.4% | |
| 0.0 to 0.1 | 201 | 3.4% | |
| 0.1 to 0.2 | 200 | 3.3% | |
| 0.2 to 0.3 | 199 | 3.3% | |
| 0.3 to 0.4 | 216 | 3.6% | |
| 0.4 to 0.5 | 215 | 3.6% | |
| 0.5 to 0.6 | 298 | 5.0% | |
| 0.6 to 0.7 | 297 | 5.0% | |
| 0.7 to 0.8 | 469 | 7.8% | |
| 0.8 to 0.9 | 468 | 7.8% | |
| 0.9 to 1.0 | 154 | 2.6% |
Frequently asked questions
What is the average correlation of CJET?
Chijet Motor Company, Inc. Ordinary Shares (CJET) has an average correlation of about -0.032 with other NASDAQ stocks, based on 5,994 pairwise observations.
Is CJET positively correlated with other stocks?
Not predominantly — 45.3% of pairs are positive and 54.7% are negative. Strong positive correlations (≥0.7) make up 18.2%.
What is the most common correlation range for CJET?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for CJET.
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