Caledonia Mining Corporation Plc (CMCL) Correlation Distribution
Across 6,809 rolling correlation observations between Caledonia Mining Corporation Plc (CMCL) and other NASDAQ-listed stocks, 55.1% are positive and 44.9% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.033
- Most common range
- 0.1 to 0.2
- Positive pairs
- 55.1%
- Strong positive (≥0.7)
- 0.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 193 | 2.8% | |
| -0.6 to -0.5 | 192 | 2.8% | |
| -0.5 to -0.4 | 479 | 7.0% | |
| -0.4 to -0.3 | 478 | 7.0% | |
| -0.3 to -0.2 | 506 | 7.4% | |
| -0.2 to -0.1 | 505 | 7.4% | |
| -0.1 to 0.0 | 682 | 10.0% | |
| 0.0 to 0.1 | 682 | 10.0% | |
| 0.1 to 0.2 | 710 | 10.4% | |
| 0.2 to 0.3 | 709 | 10.4% | |
| 0.3 to 0.4 | 563 | 8.3% | |
| 0.4 to 0.5 | 562 | 8.3% | |
| 0.5 to 0.6 | 239 | 3.5% | |
| 0.6 to 0.7 | 239 | 3.5% | |
| 0.7 to 0.8 | 23 | 0.3% | |
| 0.8 to 0.9 | 23 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CMCL?
Caledonia Mining Corporation Plc (CMCL) has an average correlation of about 0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMCL positively correlated with other stocks?
Mostly yes — 55.1% of pairs are positive and 44.9% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for CMCL?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 55.7% of all pairs.
Explore the full interactive correlation distribution for CMCL.
Open interactive dashboard →