CPTK (CPTK) Correlation Distribution
Across 6,236 rolling correlation observations between CPTK (CPTK) and other NASDAQ-listed stocks, 24.9% are positive and 75.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.303, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.9% and strong negative correlations (≤−0.7) for 24.4%.
- Total observations
- 6,236
- Mean correlation
- -0.303
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24.9%
- Strong positive (≥0.7)
- 8.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 41 | 0.7% | |
| -0.9 to -0.8 | 742 | 11.9% | |
| -0.8 to -0.7 | 741 | 11.9% | |
| -0.7 to -0.6 | 926 | 14.8% | |
| -0.6 to -0.5 | 926 | 14.8% | |
| -0.5 to -0.4 | 376 | 6.0% | |
| -0.4 to -0.3 | 375 | 6.0% | |
| -0.3 to -0.2 | 202 | 3.2% | |
| -0.2 to -0.1 | 202 | 3.2% | |
| -0.1 to 0.0 | 150 | 2.4% | |
| 0.0 to 0.1 | 150 | 2.4% | |
| 0.1 to 0.2 | 129 | 2.1% | |
| 0.2 to 0.3 | 128 | 2.1% | |
| 0.3 to 0.4 | 129 | 2.1% | |
| 0.4 to 0.5 | 129 | 2.1% | |
| 0.5 to 0.6 | 169 | 2.7% | |
| 0.6 to 0.7 | 168 | 2.7% | |
| 0.7 to 0.8 | 187 | 3.0% | |
| 0.8 to 0.9 | 186 | 3.0% | |
| 0.9 to 1.0 | 180 | 2.9% |
Frequently asked questions
What is the average correlation of CPTK?
CPTK (CPTK) has an average correlation of about -0.303 with other NASDAQ stocks, based on 6,236 pairwise observations.
Is CPTK positively correlated with other stocks?
Not predominantly — 24.9% of pairs are positive and 75.1% are negative. Strong positive correlations (≥0.7) make up 8.9%.
What is the most common correlation range for CPTK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 15.4% of all pairs.
Explore the full interactive correlation distribution for CPTK.
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