CMCA (CMCA) Correlation Distribution
Across 5,854 rolling correlation observations between CMCA (CMCA) and other NASDAQ-listed stocks, 33.3% are positive and 66.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.221, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.7% and strong negative correlations (≤−0.7) for 30.2%.
- Total observations
- 5,854
- Mean correlation
- -0.221
- Most common range
- -0.9 to -0.8
- Positive pairs
- 33.3%
- Strong positive (≥0.7)
- 12.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 221 | 3.8% | |
| -0.9 to -0.8 | 772 | 13.2% | |
| -0.8 to -0.7 | 772 | 13.2% | |
| -0.7 to -0.6 | 480 | 8.2% | |
| -0.6 to -0.5 | 479 | 8.2% | |
| -0.5 to -0.4 | 299 | 5.1% | |
| -0.4 to -0.3 | 298 | 5.1% | |
| -0.3 to -0.2 | 206 | 3.5% | |
| -0.2 to -0.1 | 206 | 3.5% | |
| -0.1 to 0.0 | 173 | 3.0% | |
| 0.0 to 0.1 | 173 | 3.0% | |
| 0.1 to 0.2 | 149 | 2.5% | |
| 0.2 to 0.3 | 148 | 2.5% | |
| 0.3 to 0.4 | 174 | 3.0% | |
| 0.4 to 0.5 | 174 | 3.0% | |
| 0.5 to 0.6 | 195 | 3.3% | |
| 0.6 to 0.7 | 194 | 3.3% | |
| 0.7 to 0.8 | 284 | 4.9% | |
| 0.8 to 0.9 | 284 | 4.9% | |
| 0.9 to 1.0 | 173 | 3.0% |
Frequently asked questions
What is the average correlation of CMCA?
CMCA (CMCA) has an average correlation of about -0.221 with other NASDAQ stocks, based on 5,854 pairwise observations.
Is CMCA positively correlated with other stocks?
Not predominantly — 33.3% of pairs are positive and 66.7% are negative. Strong positive correlations (≥0.7) make up 12.7%.
What is the most common correlation range for CMCA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for CMCA.
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