COMPUTER PROGRAMS & SYSTEMS INC (CPSI) Correlation Distribution
Across 6,550 rolling correlation observations between COMPUTER PROGRAMS & SYSTEMS INC (CPSI) and other NASDAQ-listed stocks, 73.3% are positive and 26.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.228, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 5.6%.
- Total observations
- 6,550
- Mean correlation
- 0.228
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.3%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 45 | 0.7% | |
| -0.9 to -0.8 | 163 | 2.5% | |
| -0.8 to -0.7 | 162 | 2.5% | |
| -0.7 to -0.6 | 178 | 2.7% | |
| -0.6 to -0.5 | 178 | 2.7% | |
| -0.5 to -0.4 | 189 | 2.9% | |
| -0.4 to -0.3 | 188 | 2.9% | |
| -0.3 to -0.2 | 209 | 3.2% | |
| -0.2 to -0.1 | 209 | 3.2% | |
| -0.1 to 0.0 | 231 | 3.5% | |
| 0.0 to 0.1 | 230 | 3.5% | |
| 0.1 to 0.2 | 380 | 5.8% | |
| 0.2 to 0.3 | 379 | 5.8% | |
| 0.3 to 0.4 | 757 | 11.6% | |
| 0.4 to 0.5 | 756 | 11.5% | |
| 0.5 to 0.6 | 889 | 13.6% | |
| 0.6 to 0.7 | 888 | 13.6% | |
| 0.7 to 0.8 | 249 | 3.8% | |
| 0.8 to 0.9 | 249 | 3.8% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of CPSI?
COMPUTER PROGRAMS & SYSTEMS INC (CPSI) has an average correlation of about 0.228 with other NASDAQ stocks, based on 6,550 pairwise observations.
Is CPSI positively correlated with other stocks?
Mostly yes — 73.3% of pairs are positive and 26.7% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for CPSI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for CPSI.
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