CLOE (CLOE) Correlation Distribution
Across 5,906 rolling correlation observations between CLOE (CLOE) and other NASDAQ-listed stocks, 30.1% are positive and 69.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.267, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 33.3%.
- Total observations
- 5,906
- Mean correlation
- -0.267
- Most common range
- -0.9 to -0.8
- Positive pairs
- 30.1%
- Strong positive (≥0.7)
- 13.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 200 | 3.4% | |
| -0.9 to -0.8 | 882 | 14.9% | |
| -0.8 to -0.7 | 882 | 14.9% | |
| -0.7 to -0.6 | 593 | 10.0% | |
| -0.6 to -0.5 | 593 | 10.0% | |
| -0.5 to -0.4 | 258 | 4.4% | |
| -0.4 to -0.3 | 258 | 4.4% | |
| -0.3 to -0.2 | 159 | 2.7% | |
| -0.2 to -0.1 | 158 | 2.7% | |
| -0.1 to 0.0 | 144 | 2.4% | |
| 0.0 to 0.1 | 144 | 2.4% | |
| 0.1 to 0.2 | 129 | 2.2% | |
| 0.2 to 0.3 | 128 | 2.2% | |
| 0.3 to 0.4 | 134 | 2.3% | |
| 0.4 to 0.5 | 134 | 2.3% | |
| 0.5 to 0.6 | 165 | 2.8% | |
| 0.6 to 0.7 | 165 | 2.8% | |
| 0.7 to 0.8 | 300 | 5.1% | |
| 0.8 to 0.9 | 300 | 5.1% | |
| 0.9 to 1.0 | 180 | 3.0% |
Frequently asked questions
What is the average correlation of CLOE?
CLOE (CLOE) has an average correlation of about -0.267 with other NASDAQ stocks, based on 5,906 pairwise observations.
Is CLOE positively correlated with other stocks?
Not predominantly — 30.1% of pairs are positive and 69.9% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for CLOE?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 14.6% of all pairs.
Explore the full interactive correlation distribution for CLOE.
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