Cool Company Ltd. (CLCO) Correlation Distribution
Across 6,154 rolling correlation observations between Cool Company Ltd. (CLCO) and other NASDAQ-listed stocks, 49.8% are positive and 50.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is -0.013, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.6% and strong negative correlations (≤−0.7) for 14.6%.
- Total observations
- 6,154
- Mean correlation
- -0.013
- Most common range
- 0.5 to 0.6
- Positive pairs
- 49.8%
- Strong positive (≥0.7)
- 10.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 38 | 0.6% | |
| -0.9 to -0.8 | 429 | 7.0% | |
| -0.8 to -0.7 | 429 | 7.0% | |
| -0.7 to -0.6 | 448 | 7.3% | |
| -0.6 to -0.5 | 448 | 7.3% | |
| -0.5 to -0.4 | 285 | 4.6% | |
| -0.4 to -0.3 | 284 | 4.6% | |
| -0.3 to -0.2 | 251 | 4.1% | |
| -0.2 to -0.1 | 250 | 4.1% | |
| -0.1 to 0.0 | 229 | 3.7% | |
| 0.0 to 0.1 | 229 | 3.7% | |
| 0.1 to 0.2 | 242 | 3.9% | |
| 0.2 to 0.3 | 241 | 3.9% | |
| 0.3 to 0.4 | 332 | 5.4% | |
| 0.4 to 0.5 | 331 | 5.4% | |
| 0.5 to 0.6 | 518 | 8.4% | |
| 0.6 to 0.7 | 517 | 8.4% | |
| 0.7 to 0.8 | 319 | 5.2% | |
| 0.8 to 0.9 | 318 | 5.2% | |
| 0.9 to 1.0 | 16 | 0.3% |
Frequently asked questions
What is the average correlation of CLCO?
Cool Company Ltd. (CLCO) has an average correlation of about -0.013 with other NASDAQ stocks, based on 6,154 pairwise observations.
Is CLCO positively correlated with other stocks?
Not predominantly — 49.8% of pairs are positive and 50.2% are negative. Strong positive correlations (≥0.7) make up 10.6%.
What is the most common correlation range for CLCO?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.4% of all pairs.
Explore the full interactive correlation distribution for CLCO.
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