CPTN (CPTN) Correlation Distribution
Across 6,740 rolling correlation observations between CPTN (CPTN) and other NASDAQ-listed stocks, 67.1% are positive and 32.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.203, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,740
- Mean correlation
- 0.203
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.1%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.3% | |
| -0.8 to -0.7 | 19 | 0.3% | |
| -0.7 to -0.6 | 71 | 1.1% | |
| -0.6 to -0.5 | 70 | 1.0% | |
| -0.5 to -0.4 | 418 | 6.2% | |
| -0.4 to -0.3 | 417 | 6.2% | |
| -0.3 to -0.2 | 435 | 6.5% | |
| -0.2 to -0.1 | 435 | 6.5% | |
| -0.1 to 0.0 | 332 | 4.9% | |
| 0.0 to 0.1 | 331 | 4.9% | |
| 0.1 to 0.2 | 395 | 5.9% | |
| 0.2 to 0.3 | 394 | 5.8% | |
| 0.3 to 0.4 | 688 | 10.2% | |
| 0.4 to 0.5 | 687 | 10.2% | |
| 0.5 to 0.6 | 845 | 12.5% | |
| 0.6 to 0.7 | 845 | 12.5% | |
| 0.7 to 0.8 | 162 | 2.4% | |
| 0.8 to 0.9 | 161 | 2.4% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of CPTN?
CPTN (CPTN) has an average correlation of about 0.203 with other NASDAQ stocks, based on 6,740 pairwise observations.
Is CPTN positively correlated with other stocks?
Mostly yes — 67.1% of pairs are positive and 32.9% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for CPTN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.5% of all pairs.
Explore the full interactive correlation distribution for CPTN.
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