Euro Tech Holdings Co Ltd. New (CLWT) Correlation Distribution
Across 6,807 rolling correlation observations between Euro Tech Holdings Co Ltd. New (CLWT) and other NASDAQ-listed stocks, 76.4% are positive and 23.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.5% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,807
- Mean correlation
- 0.291
- Most common range
- 0.5 to 0.6
- Positive pairs
- 76.4%
- Strong positive (≥0.7)
- 9.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 12 | 0.2% | |
| -0.6 to -0.5 | 12 | 0.2% | |
| -0.5 to -0.4 | 119 | 1.7% | |
| -0.4 to -0.3 | 118 | 1.7% | |
| -0.3 to -0.2 | 422 | 6.2% | |
| -0.2 to -0.1 | 422 | 6.2% | |
| -0.1 to 0.0 | 501 | 7.4% | |
| 0.0 to 0.1 | 501 | 7.4% | |
| 0.1 to 0.2 | 519 | 7.6% | |
| 0.2 to 0.3 | 519 | 7.6% | |
| 0.3 to 0.4 | 685 | 10.1% | |
| 0.4 to 0.5 | 684 | 10.0% | |
| 0.5 to 0.6 | 823 | 12.1% | |
| 0.6 to 0.7 | 822 | 12.1% | |
| 0.7 to 0.8 | 322 | 4.7% | |
| 0.8 to 0.9 | 321 | 4.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of CLWT?
Euro Tech Holdings Co Ltd. New (CLWT) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is CLWT positively correlated with other stocks?
Mostly yes — 76.4% of pairs are positive and 23.6% are negative. Strong positive correlations (≥0.7) make up 9.5%.
What is the most common correlation range for CLWT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 42.4% of all pairs.
Explore the full interactive correlation distribution for CLWT.
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