Clearfield, Inc. (CLFD) Correlation Distribution
Across 6,809 rolling correlation observations between Clearfield, Inc. (CLFD) and other NASDAQ-listed stocks, 49.3% are positive and 50.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.018, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.018
- Most common range
- -0.3 to -0.2
- Positive pairs
- 49.3%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Telephone & Telegraph Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 150 | 2.2% | |
| -0.6 to -0.5 | 149 | 2.2% | |
| -0.5 to -0.4 | 416 | 6.1% | |
| -0.4 to -0.3 | 416 | 6.1% | |
| -0.3 to -0.2 | 773 | 11.4% | |
| -0.2 to -0.1 | 773 | 11.4% | |
| -0.1 to 0.0 | 711 | 10.4% | |
| 0.0 to 0.1 | 711 | 10.4% | |
| 0.1 to 0.2 | 563 | 8.3% | |
| 0.2 to 0.3 | 562 | 8.3% | |
| 0.3 to 0.4 | 430 | 6.3% | |
| 0.4 to 0.5 | 430 | 6.3% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 248 | 3.6% | |
| 0.7 to 0.8 | 81 | 1.2% | |
| 0.8 to 0.9 | 80 | 1.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of CLFD?
Clearfield, Inc. (CLFD) has an average correlation of about 0.018 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CLFD positively correlated with other stocks?
Not predominantly — 49.3% of pairs are positive and 50.7% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for CLFD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 60.1% of all pairs.
Explore the full interactive correlation distribution for CLFD.
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