CLIN (CLIN) Correlation Distribution
Across 5,704 rolling correlation observations between CLIN (CLIN) and other NASDAQ-listed stocks, 43.1% are positive and 56.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.049, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 5,704
- Mean correlation
- -0.049
- Most common range
- -0.1 to 0.0
- Positive pairs
- 43.1%
- Strong positive (≥0.7)
- 0.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.1% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 13 | 0.2% | |
| -0.7 to -0.6 | 49 | 0.9% | |
| -0.6 to -0.5 | 48 | 0.8% | |
| -0.5 to -0.4 | 291 | 5.1% | |
| -0.4 to -0.3 | 290 | 5.1% | |
| -0.3 to -0.2 | 710 | 12.4% | |
| -0.2 to -0.1 | 710 | 12.4% | |
| -0.1 to 0.0 | 1,116 | 19.6% | |
| 0.0 to 0.1 | 1,116 | 19.6% | |
| 0.1 to 0.2 | 570 | 10.0% | |
| 0.2 to 0.3 | 570 | 10.0% | |
| 0.3 to 0.4 | 85 | 1.5% | |
| 0.4 to 0.5 | 85 | 1.5% | |
| 0.5 to 0.6 | 9 | 0.2% | |
| 0.6 to 0.7 | 8 | 0.1% | |
| 0.7 to 0.8 | 6 | 0.1% | |
| 0.8 to 0.9 | 6 | 0.1% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of CLIN?
CLIN (CLIN) has an average correlation of about -0.049 with other NASDAQ stocks, based on 5,704 pairwise observations.
Is CLIN positively correlated with other stocks?
Not predominantly — 43.1% of pairs are positive and 56.9% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for CLIN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 84% of all pairs.
Explore the full interactive correlation distribution for CLIN.
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