Conduent Incorporated Common Stock (CNDT) Correlation Distribution
Across 6,809 rolling correlation observations between Conduent Incorporated Common Stock (CNDT) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 26.7% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 26.7%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 97 | 1.4% | |
| -0.5 to -0.4 | 297 | 4.4% | |
| -0.4 to -0.3 | 297 | 4.4% | |
| -0.3 to -0.2 | 297 | 4.4% | |
| -0.2 to -0.1 | 296 | 4.3% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 444 | 6.5% | |
| 0.4 to 0.5 | 443 | 6.5% | |
| 0.5 to 0.6 | 721 | 10.6% | |
| 0.6 to 0.7 | 721 | 10.6% | |
| 0.7 to 0.8 | 880 | 12.9% | |
| 0.8 to 0.9 | 879 | 12.9% | |
| 0.9 to 1.0 | 59 | 0.9% |
Frequently asked questions
What is the average correlation of CNDT?
Conduent Incorporated Common Stock (CNDT) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CNDT positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 26.7%.
What is the most common correlation range for CNDT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for CNDT.
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