CMAX (CMAX) Correlation Distribution
Across 6,785 rolling correlation observations between CMAX (CMAX) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.291, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.6% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,785
- Mean correlation
- 0.291
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 38.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 95 | 1.4% | |
| -0.9 to -0.8 | 314 | 4.6% | |
| -0.8 to -0.7 | 314 | 4.6% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 246 | 3.6% | |
| -0.5 to -0.4 | 171 | 2.5% | |
| -0.4 to -0.3 | 170 | 2.5% | |
| -0.3 to -0.2 | 147 | 2.2% | |
| -0.2 to -0.1 | 147 | 2.2% | |
| -0.1 to 0.0 | 174 | 2.6% | |
| 0.0 to 0.1 | 174 | 2.6% | |
| 0.1 to 0.2 | 194 | 2.9% | |
| 0.2 to 0.3 | 194 | 2.9% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 530 | 7.8% | |
| 0.6 to 0.7 | 530 | 7.8% | |
| 0.7 to 0.8 | 1,172 | 17.3% | |
| 0.8 to 0.9 | 1,172 | 17.3% | |
| 0.9 to 1.0 | 275 | 4.1% |
Frequently asked questions
What is the average correlation of CMAX?
CMAX (CMAX) has an average correlation of about 0.291 with other NASDAQ stocks, based on 6,785 pairwise observations.
Is CMAX positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 38.6%.
What is the most common correlation range for CMAX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.2% of all pairs.
Explore the full interactive correlation distribution for CMAX.
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