CANNA-GLOBAL ACQ CORP A (CNGL) Correlation Distribution
Across 6,147 rolling correlation observations between CANNA-GLOBAL ACQ CORP A (CNGL) and other NASDAQ-listed stocks, 34.4% are positive and 65.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.213, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.9% and strong negative correlations (≤−0.7) for 28.7%.
- Total observations
- 6,147
- Mean correlation
- -0.213
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34.4%
- Strong positive (≥0.7)
- 10.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 137 | 2.2% | |
| -0.9 to -0.8 | 813 | 13.2% | |
| -0.8 to -0.7 | 812 | 13.2% | |
| -0.7 to -0.6 | 524 | 8.5% | |
| -0.6 to -0.5 | 523 | 8.5% | |
| -0.5 to -0.4 | 303 | 4.9% | |
| -0.4 to -0.3 | 303 | 4.9% | |
| -0.3 to -0.2 | 222 | 3.6% | |
| -0.2 to -0.1 | 221 | 3.6% | |
| -0.1 to 0.0 | 177 | 2.9% | |
| 0.0 to 0.1 | 176 | 2.9% | |
| 0.1 to 0.2 | 184 | 3.0% | |
| 0.2 to 0.3 | 184 | 3.0% | |
| 0.3 to 0.4 | 201 | 3.3% | |
| 0.4 to 0.5 | 201 | 3.3% | |
| 0.5 to 0.6 | 249 | 4.1% | |
| 0.6 to 0.7 | 249 | 4.1% | |
| 0.7 to 0.8 | 294 | 4.8% | |
| 0.8 to 0.9 | 294 | 4.8% | |
| 0.9 to 1.0 | 80 | 1.3% |
Frequently asked questions
What is the average correlation of CNGL?
CANNA-GLOBAL ACQ CORP A (CNGL) has an average correlation of about -0.213 with other NASDAQ stocks, based on 6,147 pairwise observations.
Is CNGL positively correlated with other stocks?
Not predominantly — 34.4% of pairs are positive and 65.6% are negative. Strong positive correlations (≥0.7) make up 10.9%.
What is the most common correlation range for CNGL?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for CNGL.
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