CUMULUS MEDIA INC A (CMLS) Correlation Distribution
Across 6,809 rolling correlation observations between CUMULUS MEDIA INC A (CMLS) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.248, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.5% and strong negative correlations (≤−0.7) for 6.9%.
- Total observations
- 6,809
- Mean correlation
- 0.248
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 24.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 231 | 3.4% | |
| -0.8 to -0.7 | 231 | 3.4% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 287 | 4.2% | |
| -0.5 to -0.4 | 230 | 3.4% | |
| -0.4 to -0.3 | 229 | 3.4% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 212 | 3.1% | |
| 0.0 to 0.1 | 212 | 3.1% | |
| 0.1 to 0.2 | 271 | 4.0% | |
| 0.2 to 0.3 | 270 | 4.0% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 748 | 11.0% | |
| 0.6 to 0.7 | 747 | 11.0% | |
| 0.7 to 0.8 | 794 | 11.7% | |
| 0.8 to 0.9 | 794 | 11.7% | |
| 0.9 to 1.0 | 78 | 1.1% |
Frequently asked questions
What is the average correlation of CMLS?
CUMULUS MEDIA INC A (CMLS) has an average correlation of about 0.248 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMLS positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 24.5%.
What is the most common correlation range for CMLS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for CMLS.
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