CHATHAM LODGING TRUST (CLDT) Correlation Distribution
Across 6,809 rolling correlation observations between CHATHAM LODGING TRUST (CLDT) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.223, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.223
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 10.1%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 89 | 1.3% | |
| -0.8 to -0.7 | 88 | 1.3% | |
| -0.7 to -0.6 | 168 | 2.5% | |
| -0.6 to -0.5 | 167 | 2.5% | |
| -0.5 to -0.4 | 277 | 4.1% | |
| -0.4 to -0.3 | 277 | 4.1% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 330 | 4.8% | |
| 0.0 to 0.1 | 330 | 4.8% | |
| 0.1 to 0.2 | 454 | 6.7% | |
| 0.2 to 0.3 | 453 | 6.7% | |
| 0.3 to 0.4 | 712 | 10.5% | |
| 0.4 to 0.5 | 711 | 10.4% | |
| 0.5 to 0.6 | 745 | 10.9% | |
| 0.6 to 0.7 | 744 | 10.9% | |
| 0.7 to 0.8 | 344 | 5.1% | |
| 0.8 to 0.9 | 344 | 5.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CLDT?
CHATHAM LODGING TRUST (CLDT) has an average correlation of about 0.223 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLDT positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for CLDT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for CLDT.
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