COOL (COOL) Correlation Distribution
Across 6,443 rolling correlation observations between COOL (COOL) and other NASDAQ-listed stocks, 28.2% are positive and 71.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.23, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,443
- Mean correlation
- -0.23
- Most common range
- -0.7 to -0.6
- Positive pairs
- 28.2%
- Strong positive (≥0.7)
- 10.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 432 | 6.7% | |
| -0.8 to -0.7 | 431 | 6.7% | |
| -0.7 to -0.6 | 1,012 | 15.7% | |
| -0.6 to -0.5 | 1,012 | 15.7% | |
| -0.5 to -0.4 | 546 | 8.5% | |
| -0.4 to -0.3 | 546 | 8.5% | |
| -0.3 to -0.2 | 228 | 3.5% | |
| -0.2 to -0.1 | 228 | 3.5% | |
| -0.1 to 0.0 | 180 | 2.8% | |
| 0.0 to 0.1 | 180 | 2.8% | |
| 0.1 to 0.2 | 142 | 2.2% | |
| 0.2 to 0.3 | 141 | 2.2% | |
| 0.3 to 0.4 | 157 | 2.4% | |
| 0.4 to 0.5 | 156 | 2.4% | |
| 0.5 to 0.6 | 187 | 2.9% | |
| 0.6 to 0.7 | 186 | 2.9% | |
| 0.7 to 0.8 | 272 | 4.2% | |
| 0.8 to 0.9 | 271 | 4.2% | |
| 0.9 to 1.0 | 128 | 2.0% |
Frequently asked questions
What is the average correlation of COOL?
COOL (COOL) has an average correlation of about -0.23 with other NASDAQ stocks, based on 6,443 pairwise observations.
Is COOL positively correlated with other stocks?
Not predominantly — 28.2% of pairs are positive and 71.8% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for COOL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for COOL.
Open interactive dashboard →