Canterbury Park Holding Corporation 'New' Common Stock (CPHC) Correlation Distribution
Across 6,791 rolling correlation observations between Canterbury Park Holding Corporation 'New' Common Stock (CPHC) and other NASDAQ-listed stocks, 37.2% are positive and 62.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.168, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 12.8%.
- Total observations
- 6,791
- Mean correlation
- -0.168
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.2%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Services-Racing, Including Track Operation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 434 | 6.4% | |
| -0.8 to -0.7 | 433 | 6.4% | |
| -0.7 to -0.6 | 620 | 9.1% | |
| -0.6 to -0.5 | 619 | 9.1% | |
| -0.5 to -0.4 | 484 | 7.1% | |
| -0.4 to -0.3 | 483 | 7.1% | |
| -0.3 to -0.2 | 406 | 6.0% | |
| -0.2 to -0.1 | 405 | 6.0% | |
| -0.1 to 0.0 | 380 | 5.6% | |
| 0.0 to 0.1 | 380 | 5.6% | |
| 0.1 to 0.2 | 414 | 6.1% | |
| 0.2 to 0.3 | 413 | 6.1% | |
| 0.3 to 0.4 | 353 | 5.2% | |
| 0.4 to 0.5 | 353 | 5.2% | |
| 0.5 to 0.6 | 225 | 3.3% | |
| 0.6 to 0.7 | 225 | 3.3% | |
| 0.7 to 0.8 | 82 | 1.2% | |
| 0.8 to 0.9 | 81 | 1.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CPHC?
Canterbury Park Holding Corporation 'New' Common Stock (CPHC) has an average correlation of about -0.168 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is CPHC positively correlated with other stocks?
Not predominantly — 37.2% of pairs are positive and 62.8% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for CPHC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 35.3% of all pairs.
Explore the full interactive correlation distribution for CPHC.
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