Centene Corporation (CNC) Correlation Distribution
Across 6,809 rolling correlation observations between Centene Corporation (CNC) and other NASDAQ-listed stocks, 45.8% are positive and 54.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- -0.014
- Most common range
- -0.3 to -0.2
- Positive pairs
- 45.8%
- Strong positive (≥0.7)
- 0.8%
- Sector
- Hospital & Medical Service Plans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 187 | 2.7% | |
| -0.6 to -0.5 | 187 | 2.7% | |
| -0.5 to -0.4 | 476 | 7.0% | |
| -0.4 to -0.3 | 475 | 7.0% | |
| -0.3 to -0.2 | 810 | 11.9% | |
| -0.2 to -0.1 | 810 | 11.9% | |
| -0.1 to 0.0 | 708 | 10.4% | |
| 0.0 to 0.1 | 708 | 10.4% | |
| 0.1 to 0.2 | 550 | 8.1% | |
| 0.2 to 0.3 | 549 | 8.1% | |
| 0.3 to 0.4 | 391 | 5.7% | |
| 0.4 to 0.5 | 390 | 5.7% | |
| 0.5 to 0.6 | 238 | 3.5% | |
| 0.6 to 0.7 | 238 | 3.5% | |
| 0.7 to 0.8 | 29 | 0.4% | |
| 0.8 to 0.9 | 28 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CNC?
Centene Corporation (CNC) has an average correlation of about -0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CNC positively correlated with other stocks?
Not predominantly — 45.8% of pairs are positive and 54.2% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for CNC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 60.7% of all pairs.
Explore the full interactive correlation distribution for CNC.
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