Copa Holdings, S.A. (CPA) Correlation Distribution
Across 6,809 rolling correlation observations between Copa Holdings, S.A. (CPA) and other NASDAQ-listed stocks, 42% are positive and 58% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.05, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- -0.05
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42%
- Strong positive (≥0.7)
- 4.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 569 | 8.4% | |
| -0.6 to -0.5 | 568 | 8.3% | |
| -0.5 to -0.4 | 765 | 11.2% | |
| -0.4 to -0.3 | 765 | 11.2% | |
| -0.3 to -0.2 | 430 | 6.3% | |
| -0.2 to -0.1 | 429 | 6.3% | |
| -0.1 to 0.0 | 346 | 5.1% | |
| 0.0 to 0.1 | 346 | 5.1% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 305 | 4.5% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 448 | 6.6% | |
| 0.6 to 0.7 | 447 | 6.6% | |
| 0.7 to 0.8 | 162 | 2.4% | |
| 0.8 to 0.9 | 162 | 2.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CPA?
Copa Holdings, S.A. (CPA) has an average correlation of about -0.05 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CPA positively correlated with other stocks?
Not predominantly — 42% of pairs are positive and 58% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for CPA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for CPA.
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