Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) Correlation Distribution
Across 6,804 rolling correlation observations between Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) and other NASDAQ-listed stocks, 48.6% are positive and 51.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,804
- Mean correlation
- 0.051
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.6%
- Strong positive (≥0.7)
- 16.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 183 | 2.7% | |
| -0.8 to -0.7 | 183 | 2.7% | |
| -0.7 to -0.6 | 356 | 5.2% | |
| -0.6 to -0.5 | 355 | 5.2% | |
| -0.5 to -0.4 | 496 | 7.3% | |
| -0.4 to -0.3 | 496 | 7.3% | |
| -0.3 to -0.2 | 518 | 7.6% | |
| -0.2 to -0.1 | 517 | 7.6% | |
| -0.1 to 0.0 | 389 | 5.7% | |
| 0.0 to 0.1 | 389 | 5.7% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 316 | 4.6% | |
| 0.6 to 0.7 | 316 | 4.6% | |
| 0.7 to 0.8 | 474 | 7.0% | |
| 0.8 to 0.9 | 473 | 7.0% | |
| 0.9 to 1.0 | 206 | 3.0% |
Frequently asked questions
What is the average correlation of CLBT?
Cellebrite DI Ltd. Class A Ordinary Shares (CLBT) has an average correlation of about 0.051 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is CLBT positively correlated with other stocks?
Not predominantly — 48.6% of pairs are positive and 51.4% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for CLBT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 34.9% of all pairs.
Explore the full interactive correlation distribution for CLBT.
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