CNDB (CNDB) Correlation Distribution
Across 5,988 rolling correlation observations between CNDB (CNDB) and other NASDAQ-listed stocks, 30% are positive and 70% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.21, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 5,988
- Mean correlation
- -0.21
- Most common range
- -0.7 to -0.6
- Positive pairs
- 30%
- Strong positive (≥0.7)
- 1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 57 | 1.0% | |
| -0.8 to -0.7 | 57 | 1.0% | |
| -0.7 to -0.6 | 1,065 | 17.8% | |
| -0.6 to -0.5 | 1,064 | 17.8% | |
| -0.5 to -0.4 | 588 | 9.8% | |
| -0.4 to -0.3 | 588 | 9.8% | |
| -0.3 to -0.2 | 275 | 4.6% | |
| -0.2 to -0.1 | 274 | 4.6% | |
| -0.1 to 0.0 | 216 | 3.6% | |
| 0.0 to 0.1 | 216 | 3.6% | |
| 0.1 to 0.2 | 215 | 3.6% | |
| 0.2 to 0.3 | 214 | 3.6% | |
| 0.3 to 0.4 | 234 | 3.9% | |
| 0.4 to 0.5 | 233 | 3.9% | |
| 0.5 to 0.6 | 314 | 5.2% | |
| 0.6 to 0.7 | 314 | 5.2% | |
| 0.7 to 0.8 | 20 | 0.3% | |
| 0.8 to 0.9 | 19 | 0.3% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of CNDB?
CNDB (CNDB) has an average correlation of about -0.21 with other NASDAQ stocks, based on 5,988 pairwise observations.
Is CNDB positively correlated with other stocks?
Not predominantly — 30% of pairs are positive and 70% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for CNDB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for CNDB.
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