COOLW (COOLW) Correlation Distribution
Across 6,512 rolling correlation observations between COOLW (COOLW) and other NASDAQ-listed stocks, 74% are positive and 26% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.388, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 43.3% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,512
- Mean correlation
- 0.388
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74%
- Strong positive (≥0.7)
- 43.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 211 | 3.2% | |
| -0.6 to -0.5 | 210 | 3.2% | |
| -0.5 to -0.4 | 249 | 3.8% | |
| -0.4 to -0.3 | 249 | 3.8% | |
| -0.3 to -0.2 | 206 | 3.2% | |
| -0.2 to -0.1 | 206 | 3.2% | |
| -0.1 to 0.0 | 178 | 2.7% | |
| 0.0 to 0.1 | 178 | 2.7% | |
| 0.1 to 0.2 | 204 | 3.1% | |
| 0.2 to 0.3 | 203 | 3.1% | |
| 0.3 to 0.4 | 270 | 4.1% | |
| 0.4 to 0.5 | 270 | 4.1% | |
| 0.5 to 0.6 | 439 | 6.7% | |
| 0.6 to 0.7 | 438 | 6.7% | |
| 0.7 to 0.8 | 972 | 14.9% | |
| 0.8 to 0.9 | 972 | 14.9% | |
| 0.9 to 1.0 | 873 | 13.4% |
Frequently asked questions
What is the average correlation of COOLW?
COOLW (COOLW) has an average correlation of about 0.388 with other NASDAQ stocks, based on 6,512 pairwise observations.
Is COOLW positively correlated with other stocks?
Mostly yes — 74% of pairs are positive and 26% are negative. Strong positive correlations (≥0.7) make up 43.3%.
What is the most common correlation range for COOLW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for COOLW.
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