CompoSecure, Inc. Warrant (CMPOW) Correlation Distribution
Across 6,694 rolling correlation observations between CompoSecure, Inc. Warrant (CMPOW) and other NASDAQ-listed stocks, 49.4% are positive and 50.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.052, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,694
- Mean correlation
- 0.052
- Most common range
- -0.3 to -0.2
- Positive pairs
- 49.4%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 66 | 1.0% | |
| -0.8 to -0.7 | 66 | 1.0% | |
| -0.7 to -0.6 | 317 | 4.7% | |
| -0.6 to -0.5 | 316 | 4.7% | |
| -0.5 to -0.4 | 549 | 8.2% | |
| -0.4 to -0.3 | 548 | 8.2% | |
| -0.3 to -0.2 | 566 | 8.5% | |
| -0.2 to -0.1 | 566 | 8.5% | |
| -0.1 to 0.0 | 390 | 5.8% | |
| 0.0 to 0.1 | 389 | 5.8% | |
| 0.1 to 0.2 | 321 | 4.8% | |
| 0.2 to 0.3 | 320 | 4.8% | |
| 0.3 to 0.4 | 367 | 5.5% | |
| 0.4 to 0.5 | 367 | 5.5% | |
| 0.5 to 0.6 | 415 | 6.2% | |
| 0.6 to 0.7 | 415 | 6.2% | |
| 0.7 to 0.8 | 348 | 5.2% | |
| 0.8 to 0.9 | 347 | 5.2% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of CMPOW?
CompoSecure, Inc. Warrant (CMPOW) has an average correlation of about 0.052 with other NASDAQ stocks, based on 6,694 pairwise observations.
Is CMPOW positively correlated with other stocks?
Not predominantly — 49.4% of pairs are positive and 50.6% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for CMPOW?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for CMPOW.
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