CLAYW (CLAYW) Correlation Distribution
Across 5,641 rolling correlation observations between CLAYW (CLAYW) and other NASDAQ-listed stocks, 80.9% are positive and 19.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.487, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 52.6% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 5,641
- Mean correlation
- 0.487
- Most common range
- 0.7 to 0.8
- Positive pairs
- 80.9%
- Strong positive (≥0.7)
- 52.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.1% | |
| -0.9 to -0.8 | 76 | 1.3% | |
| -0.8 to -0.7 | 75 | 1.3% | |
| -0.7 to -0.6 | 141 | 2.5% | |
| -0.6 to -0.5 | 140 | 2.5% | |
| -0.5 to -0.4 | 132 | 2.3% | |
| -0.4 to -0.3 | 132 | 2.3% | |
| -0.3 to -0.2 | 119 | 2.1% | |
| -0.2 to -0.1 | 119 | 2.1% | |
| -0.1 to 0.0 | 141 | 2.5% | |
| 0.0 to 0.1 | 141 | 2.5% | |
| 0.1 to 0.2 | 152 | 2.7% | |
| 0.2 to 0.3 | 151 | 2.7% | |
| 0.3 to 0.4 | 206 | 3.7% | |
| 0.4 to 0.5 | 206 | 3.7% | |
| 0.5 to 0.6 | 371 | 6.6% | |
| 0.6 to 0.7 | 370 | 6.6% | |
| 0.7 to 0.8 | 992 | 17.6% | |
| 0.8 to 0.9 | 992 | 17.6% | |
| 0.9 to 1.0 | 982 | 17.4% |
Frequently asked questions
What is the average correlation of CLAYW?
CLAYW (CLAYW) has an average correlation of about 0.487 with other NASDAQ stocks, based on 5,641 pairwise observations.
Is CLAYW positively correlated with other stocks?
Mostly yes — 80.9% of pairs are positive and 19.1% are negative. Strong positive correlations (≥0.7) make up 52.6%.
What is the most common correlation range for CLAYW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 14.6% of all pairs.
Explore the full interactive correlation distribution for CLAYW.
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