CN Energy Group Inc. Class A Ordinary Shares (CNEY) Correlation Distribution
Across 6,806 rolling correlation observations between CN Energy Group Inc. Class A Ordinary Shares (CNEY) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.2% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,806
- Mean correlation
- 0.321
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 39.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 156 | 2.3% | |
| -0.8 to -0.7 | 156 | 2.3% | |
| -0.7 to -0.6 | 303 | 4.5% | |
| -0.6 to -0.5 | 303 | 4.5% | |
| -0.5 to -0.4 | 240 | 3.5% | |
| -0.4 to -0.3 | 239 | 3.5% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 196 | 2.9% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 270 | 4.0% | |
| 0.4 to 0.5 | 270 | 4.0% | |
| 0.5 to 0.6 | 507 | 7.4% | |
| 0.6 to 0.7 | 507 | 7.4% | |
| 0.7 to 0.8 | 1,212 | 17.8% | |
| 0.8 to 0.9 | 1,212 | 17.8% | |
| 0.9 to 1.0 | 242 | 3.6% |
Frequently asked questions
What is the average correlation of CNEY?
CN Energy Group Inc. Class A Ordinary Shares (CNEY) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CNEY positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 39.2%.
What is the most common correlation range for CNEY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for CNEY.
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