Clarus Corporation Common Stock (CLAR) Correlation Distribution
Across 6,809 rolling correlation observations between Clarus Corporation Common Stock (CLAR) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.281, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.4% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,809
- Mean correlation
- 0.281
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 30.4%
- Sector
- Sporting & Athletic Goods, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 174 | 2.6% | |
| -0.8 to -0.7 | 174 | 2.6% | |
| -0.7 to -0.6 | 305 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 238 | 3.5% | |
| -0.4 to -0.3 | 237 | 3.5% | |
| -0.3 to -0.2 | 208 | 3.1% | |
| -0.2 to -0.1 | 208 | 3.1% | |
| -0.1 to 0.0 | 198 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 256 | 3.8% | |
| 0.2 to 0.3 | 256 | 3.8% | |
| 0.3 to 0.4 | 361 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 630 | 9.3% | |
| 0.6 to 0.7 | 629 | 9.2% | |
| 0.7 to 0.8 | 935 | 13.7% | |
| 0.8 to 0.9 | 934 | 13.7% | |
| 0.9 to 1.0 | 201 | 3.0% |
Frequently asked questions
What is the average correlation of CLAR?
Clarus Corporation Common Stock (CLAR) has an average correlation of about 0.281 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLAR positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 30.4%.
What is the most common correlation range for CLAR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for CLAR.
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