CNFRL (CNFRL) Correlation Distribution
Across 5,965 rolling correlation observations between CNFRL (CNFRL) and other NASDAQ-listed stocks, 84.1% are positive and 15.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.315, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,965
- Mean correlation
- 0.315
- Most common range
- 0.5 to 0.6
- Positive pairs
- 84.1%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 30 | 0.5% | |
| -0.6 to -0.5 | 29 | 0.5% | |
| -0.5 to -0.4 | 99 | 1.7% | |
| -0.4 to -0.3 | 98 | 1.6% | |
| -0.3 to -0.2 | 172 | 2.9% | |
| -0.2 to -0.1 | 172 | 2.9% | |
| -0.1 to 0.0 | 348 | 5.8% | |
| 0.0 to 0.1 | 347 | 5.8% | |
| 0.1 to 0.2 | 628 | 10.5% | |
| 0.2 to 0.3 | 628 | 10.5% | |
| 0.3 to 0.4 | 726 | 12.2% | |
| 0.4 to 0.5 | 725 | 12.2% | |
| 0.5 to 0.6 | 832 | 13.9% | |
| 0.6 to 0.7 | 832 | 13.9% | |
| 0.7 to 0.8 | 148 | 2.5% | |
| 0.8 to 0.9 | 148 | 2.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CNFRL?
CNFRL (CNFRL) has an average correlation of about 0.315 with other NASDAQ stocks, based on 5,965 pairwise observations.
Is CNFRL positively correlated with other stocks?
Mostly yes — 84.1% of pairs are positive and 15.9% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for CNFRL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.5% of all pairs.
Explore the full interactive correlation distribution for CNFRL.
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