CLAY (CLAY) Correlation Distribution
Across 5,611 rolling correlation observations between CLAY (CLAY) and other NASDAQ-listed stocks, 25.7% are positive and 74.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.302, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.2% and strong negative correlations (≤−0.7) for 24.1%.
- Total observations
- 5,611
- Mean correlation
- -0.302
- Most common range
- -0.7 to -0.6
- Positive pairs
- 25.7%
- Strong positive (≥0.7)
- 8.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 60 | 1.1% | |
| -0.9 to -0.8 | 647 | 11.5% | |
| -0.8 to -0.7 | 646 | 11.5% | |
| -0.7 to -0.6 | 816 | 14.5% | |
| -0.6 to -0.5 | 816 | 14.5% | |
| -0.5 to -0.4 | 326 | 5.8% | |
| -0.4 to -0.3 | 325 | 5.8% | |
| -0.3 to -0.2 | 191 | 3.4% | |
| -0.2 to -0.1 | 191 | 3.4% | |
| -0.1 to 0.0 | 153 | 2.7% | |
| 0.0 to 0.1 | 152 | 2.7% | |
| 0.1 to 0.2 | 136 | 2.4% | |
| 0.2 to 0.3 | 136 | 2.4% | |
| 0.3 to 0.4 | 140 | 2.5% | |
| 0.4 to 0.5 | 139 | 2.5% | |
| 0.5 to 0.6 | 139 | 2.5% | |
| 0.6 to 0.7 | 138 | 2.5% | |
| 0.7 to 0.8 | 186 | 3.3% | |
| 0.8 to 0.9 | 186 | 3.3% | |
| 0.9 to 1.0 | 88 | 1.6% |
Frequently asked questions
What is the average correlation of CLAY?
CLAY (CLAY) has an average correlation of about -0.302 with other NASDAQ stocks, based on 5,611 pairwise observations.
Is CLAY positively correlated with other stocks?
Not predominantly — 25.7% of pairs are positive and 74.3% are negative. Strong positive correlations (≥0.7) make up 8.2%.
What is the most common correlation range for CLAY?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for CLAY.
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