CPG (CPG) Correlation Distribution
Across 6,649 rolling correlation observations between CPG (CPG) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.165, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 22.1%.
- Total observations
- 6,649
- Mean correlation
- -0.165
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 58 | 0.9% | |
| -0.9 to -0.8 | 705 | 10.6% | |
| -0.8 to -0.7 | 704 | 10.6% | |
| -0.7 to -0.6 | 498 | 7.5% | |
| -0.6 to -0.5 | 497 | 7.5% | |
| -0.5 to -0.4 | 343 | 5.2% | |
| -0.4 to -0.3 | 342 | 5.1% | |
| -0.3 to -0.2 | 323 | 4.9% | |
| -0.2 to -0.1 | 322 | 4.8% | |
| -0.1 to 0.0 | 344 | 5.2% | |
| 0.0 to 0.1 | 344 | 5.2% | |
| 0.1 to 0.2 | 291 | 4.4% | |
| 0.2 to 0.3 | 290 | 4.4% | |
| 0.3 to 0.4 | 258 | 3.9% | |
| 0.4 to 0.5 | 258 | 3.9% | |
| 0.5 to 0.6 | 270 | 4.1% | |
| 0.6 to 0.7 | 270 | 4.1% | |
| 0.7 to 0.8 | 224 | 3.4% | |
| 0.8 to 0.9 | 224 | 3.4% | |
| 0.9 to 1.0 | 84 | 1.3% |
Frequently asked questions
What is the average correlation of CPG?
CPG (CPG) has an average correlation of about -0.165 with other NASDAQ stocks, based on 6,649 pairwise observations.
Is CPG positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for CPG?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for CPG.
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