COOLU (COOLU) Correlation Distribution
Across 5,903 rolling correlation observations between COOLU (COOLU) and other NASDAQ-listed stocks, 30.4% are positive and 69.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.7% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 5,903
- Mean correlation
- -0.141
- Most common range
- -0.5 to -0.4
- Positive pairs
- 30.4%
- Strong positive (≥0.7)
- 3.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 91 | 1.5% | |
| -0.8 to -0.7 | 90 | 1.5% | |
| -0.7 to -0.6 | 400 | 6.8% | |
| -0.6 to -0.5 | 400 | 6.8% | |
| -0.5 to -0.4 | 767 | 13.0% | |
| -0.4 to -0.3 | 766 | 13.0% | |
| -0.3 to -0.2 | 609 | 10.3% | |
| -0.2 to -0.1 | 608 | 10.3% | |
| -0.1 to 0.0 | 380 | 6.4% | |
| 0.0 to 0.1 | 380 | 6.4% | |
| 0.1 to 0.2 | 213 | 3.6% | |
| 0.2 to 0.3 | 212 | 3.6% | |
| 0.3 to 0.4 | 186 | 3.2% | |
| 0.4 to 0.5 | 185 | 3.1% | |
| 0.5 to 0.6 | 200 | 3.4% | |
| 0.6 to 0.7 | 200 | 3.4% | |
| 0.7 to 0.8 | 107 | 1.8% | |
| 0.8 to 0.9 | 107 | 1.8% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of COOLU?
COOLU (COOLU) has an average correlation of about -0.141 with other NASDAQ stocks, based on 5,903 pairwise observations.
Is COOLU positively correlated with other stocks?
Not predominantly — 30.4% of pairs are positive and 69.6% are negative. Strong positive correlations (≥0.7) make up 3.7%.
What is the most common correlation range for COOLU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 40.7% of all pairs.
Explore the full interactive correlation distribution for COOLU.
Open interactive dashboard →