Concentrix Corporation Common Stock (CNXC) Correlation Distribution
Across 6,808 rolling correlation observations between Concentrix Corporation Common Stock (CNXC) and other NASDAQ-listed stocks, 68.4% are positive and 31.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.226, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.1% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,808
- Mean correlation
- 0.226
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.4%
- Strong positive (≥0.7)
- 23.1%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 327 | 4.8% | |
| -0.8 to -0.7 | 327 | 4.8% | |
| -0.7 to -0.6 | 269 | 4.0% | |
| -0.6 to -0.5 | 268 | 3.9% | |
| -0.5 to -0.4 | 201 | 3.0% | |
| -0.4 to -0.3 | 200 | 2.9% | |
| -0.3 to -0.2 | 173 | 2.5% | |
| -0.2 to -0.1 | 172 | 2.5% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 250 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 427 | 6.3% | |
| 0.4 to 0.5 | 427 | 6.3% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 771 | 11.3% | |
| 0.7 to 0.8 | 743 | 10.9% | |
| 0.8 to 0.9 | 742 | 10.9% | |
| 0.9 to 1.0 | 86 | 1.3% |
Frequently asked questions
What is the average correlation of CNXC?
Concentrix Corporation Common Stock (CNXC) has an average correlation of about 0.226 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CNXC positively correlated with other stocks?
Mostly yes — 68.4% of pairs are positive and 31.6% are negative. Strong positive correlations (≥0.7) make up 23.1%.
What is the most common correlation range for CNXC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for CNXC.
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