Core Molding Technologies, Inc. (CMT) Correlation Distribution
Across 6,809 rolling correlation observations between Core Molding Technologies, Inc. (CMT) and other NASDAQ-listed stocks, 36.4% are positive and 63.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.119, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.8% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- -0.119
- Most common range
- -0.5 to -0.4
- Positive pairs
- 36.4%
- Strong positive (≥0.7)
- 2.8%
- Sector
- Plastics Products, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 677 | 9.9% | |
| -0.6 to -0.5 | 676 | 9.9% | |
| -0.5 to -0.4 | 850 | 12.5% | |
| -0.4 to -0.3 | 850 | 12.5% | |
| -0.3 to -0.2 | 435 | 6.4% | |
| -0.2 to -0.1 | 435 | 6.4% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 321 | 4.7% | |
| 0.2 to 0.3 | 320 | 4.7% | |
| 0.3 to 0.4 | 372 | 5.5% | |
| 0.4 to 0.5 | 372 | 5.5% | |
| 0.5 to 0.6 | 299 | 4.4% | |
| 0.6 to 0.7 | 299 | 4.4% | |
| 0.7 to 0.8 | 87 | 1.3% | |
| 0.8 to 0.9 | 87 | 1.3% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of CMT?
Core Molding Technologies, Inc. (CMT) has an average correlation of about -0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMT positively correlated with other stocks?
Not predominantly — 36.4% of pairs are positive and 63.6% are negative. Strong positive correlations (≥0.7) make up 2.8%.
What is the most common correlation range for CMT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.1% of all pairs.
Explore the full interactive correlation distribution for CMT.
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