Copart Inc (CPRT) Correlation Distribution
Across 6,809 rolling correlation observations between Copart Inc (CPRT) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 10.2%.
- Total observations
- 6,809
- Mean correlation
- -0.089
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 15.3%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 341 | 5.0% | |
| -0.8 to -0.7 | 341 | 5.0% | |
| -0.7 to -0.6 | 772 | 11.3% | |
| -0.6 to -0.5 | 771 | 11.3% | |
| -0.5 to -0.4 | 556 | 8.2% | |
| -0.4 to -0.3 | 555 | 8.2% | |
| -0.3 to -0.2 | 303 | 4.4% | |
| -0.2 to -0.1 | 303 | 4.4% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 199 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 212 | 3.1% | |
| 0.4 to 0.5 | 212 | 3.1% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 271 | 4.0% | |
| 0.7 to 0.8 | 403 | 5.9% | |
| 0.8 to 0.9 | 403 | 5.9% | |
| 0.9 to 1.0 | 236 | 3.5% |
Frequently asked questions
What is the average correlation of CPRT?
Copart Inc (CPRT) has an average correlation of about -0.089 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CPRT positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for CPRT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.3% of all pairs.
Explore the full interactive correlation distribution for CPRT.
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