CPLP (CPLP) Correlation Distribution
Across 6,761 rolling correlation observations between CPLP (CPLP) and other NASDAQ-listed stocks, 46.4% are positive and 53.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 7%.
- Total observations
- 6,761
- Mean correlation
- -0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.4%
- Strong positive (≥0.7)
- 10%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 235 | 3.5% | |
| -0.8 to -0.7 | 235 | 3.5% | |
| -0.7 to -0.6 | 484 | 7.2% | |
| -0.6 to -0.5 | 484 | 7.2% | |
| -0.5 to -0.4 | 506 | 7.5% | |
| -0.4 to -0.3 | 506 | 7.5% | |
| -0.3 to -0.2 | 405 | 6.0% | |
| -0.2 to -0.1 | 404 | 6.0% | |
| -0.1 to 0.0 | 366 | 5.4% | |
| 0.0 to 0.1 | 366 | 5.4% | |
| 0.1 to 0.2 | 324 | 4.8% | |
| 0.2 to 0.3 | 323 | 4.8% | |
| 0.3 to 0.4 | 327 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 395 | 5.8% | |
| 0.6 to 0.7 | 395 | 5.8% | |
| 0.7 to 0.8 | 332 | 4.9% | |
| 0.8 to 0.9 | 332 | 4.9% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of CPLP?
CPLP (CPLP) has an average correlation of about -0.017 with other NASDAQ stocks, based on 6,761 pairwise observations.
Is CPLP positively correlated with other stocks?
Not predominantly — 46.4% of pairs are positive and 53.6% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for CPLP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.4% of all pairs.
Explore the full interactive correlation distribution for CPLP.
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