CONCORD ACQ CORP II A (CNDA) Correlation Distribution
Across 6,638 rolling correlation observations between CONCORD ACQ CORP II A (CNDA) and other NASDAQ-listed stocks, 33.7% are positive and 66.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.187, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.7% and strong negative correlations (≤−0.7) for 20.5%.
- Total observations
- 6,638
- Mean correlation
- -0.187
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.7%
- Strong positive (≥0.7)
- 12.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 94 | 1.4% | |
| -0.9 to -0.8 | 635 | 9.6% | |
| -0.8 to -0.7 | 634 | 9.6% | |
| -0.7 to -0.6 | 748 | 11.3% | |
| -0.6 to -0.5 | 748 | 11.3% | |
| -0.5 to -0.4 | 440 | 6.6% | |
| -0.4 to -0.3 | 440 | 6.6% | |
| -0.3 to -0.2 | 239 | 3.6% | |
| -0.2 to -0.1 | 238 | 3.6% | |
| -0.1 to 0.0 | 185 | 2.8% | |
| 0.0 to 0.1 | 185 | 2.8% | |
| 0.1 to 0.2 | 179 | 2.7% | |
| 0.2 to 0.3 | 179 | 2.7% | |
| 0.3 to 0.4 | 194 | 2.9% | |
| 0.4 to 0.5 | 194 | 2.9% | |
| 0.5 to 0.6 | 233 | 3.5% | |
| 0.6 to 0.7 | 233 | 3.5% | |
| 0.7 to 0.8 | 319 | 4.8% | |
| 0.8 to 0.9 | 319 | 4.8% | |
| 0.9 to 1.0 | 202 | 3.0% |
Frequently asked questions
What is the average correlation of CNDA?
CONCORD ACQ CORP II A (CNDA) has an average correlation of about -0.187 with other NASDAQ stocks, based on 6,638 pairwise observations.
Is CNDA positively correlated with other stocks?
Not predominantly — 33.7% of pairs are positive and 66.3% are negative. Strong positive correlations (≥0.7) make up 12.7%.
What is the most common correlation range for CNDA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.2% of all pairs.
Explore the full interactive correlation distribution for CNDA.
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