CONX (CONX) Correlation Distribution
Across 6,428 rolling correlation observations between CONX (CONX) and other NASDAQ-listed stocks, 28% are positive and 72% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.211, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,428
- Mean correlation
- -0.211
- Most common range
- -0.7 to -0.6
- Positive pairs
- 28%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 265 | 4.1% | |
| -0.8 to -0.7 | 264 | 4.1% | |
| -0.7 to -0.6 | 781 | 12.1% | |
| -0.6 to -0.5 | 781 | 12.1% | |
| -0.5 to -0.4 | 638 | 9.9% | |
| -0.4 to -0.3 | 638 | 9.9% | |
| -0.3 to -0.2 | 475 | 7.4% | |
| -0.2 to -0.1 | 474 | 7.4% | |
| -0.1 to 0.0 | 314 | 4.9% | |
| 0.0 to 0.1 | 313 | 4.9% | |
| 0.1 to 0.2 | 207 | 3.2% | |
| 0.2 to 0.3 | 207 | 3.2% | |
| 0.3 to 0.4 | 205 | 3.2% | |
| 0.4 to 0.5 | 204 | 3.2% | |
| 0.5 to 0.6 | 197 | 3.1% | |
| 0.6 to 0.7 | 196 | 3.0% | |
| 0.7 to 0.8 | 94 | 1.5% | |
| 0.8 to 0.9 | 94 | 1.5% | |
| 0.9 to 1.0 | 80 | 1.2% |
Frequently asked questions
What is the average correlation of CONX?
CONX (CONX) has an average correlation of about -0.211 with other NASDAQ stocks, based on 6,428 pairwise observations.
Is CONX positively correlated with other stocks?
Not predominantly — 28% of pairs are positive and 72% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for CONX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 31% of all pairs.
Explore the full interactive correlation distribution for CONX.
Open interactive dashboard →