Comtech Telecommunications (CMTL) Correlation Distribution
Across 6,809 rolling correlation observations between Comtech Telecommunications (CMTL) and other NASDAQ-listed stocks, 68.1% are positive and 31.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.5% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.1%
- Strong positive (≥0.7)
- 35.5%
- Sector
- Radio & Tv Broadcasting & Communications Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 286 | 4.2% | |
| -0.8 to -0.7 | 286 | 4.2% | |
| -0.7 to -0.6 | 301 | 4.4% | |
| -0.6 to -0.5 | 301 | 4.4% | |
| -0.5 to -0.4 | 201 | 3.0% | |
| -0.4 to -0.3 | 200 | 2.9% | |
| -0.3 to -0.2 | 200 | 2.9% | |
| -0.2 to -0.1 | 199 | 2.9% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 194 | 2.8% | |
| 0.1 to 0.2 | 212 | 3.1% | |
| 0.2 to 0.3 | 211 | 3.1% | |
| 0.3 to 0.4 | 286 | 4.2% | |
| 0.4 to 0.5 | 286 | 4.2% | |
| 0.5 to 0.6 | 518 | 7.6% | |
| 0.6 to 0.7 | 517 | 7.6% | |
| 0.7 to 0.8 | 1,100 | 16.2% | |
| 0.8 to 0.9 | 1,100 | 16.2% | |
| 0.9 to 1.0 | 214 | 3.1% |
Frequently asked questions
What is the average correlation of CMTL?
Comtech Telecommunications (CMTL) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CMTL positively correlated with other stocks?
Mostly yes — 68.1% of pairs are positive and 31.9% are negative. Strong positive correlations (≥0.7) make up 35.5%.
What is the most common correlation range for CMTL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for CMTL.
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