Cricut, Inc. Class A Common Stock (CRCT) Correlation Distribution
Across 6,806 rolling correlation observations between Cricut, Inc. Class A Common Stock (CRCT) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.1% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,806
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 38.1%
- Sector
- Special Industry Machinery, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 60 | 0.9% | |
| -0.8 to -0.7 | 59 | 0.9% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 317 | 4.7% | |
| -0.5 to -0.4 | 274 | 4.0% | |
| -0.4 to -0.3 | 273 | 4.0% | |
| -0.3 to -0.2 | 225 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 203 | 3.0% | |
| 0.2 to 0.3 | 202 | 3.0% | |
| 0.3 to 0.4 | 324 | 4.8% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 487 | 7.2% | |
| 0.6 to 0.7 | 486 | 7.1% | |
| 0.7 to 0.8 | 1,067 | 15.7% | |
| 0.8 to 0.9 | 1,066 | 15.7% | |
| 0.9 to 1.0 | 462 | 6.8% |
Frequently asked questions
What is the average correlation of CRCT?
Cricut, Inc. Class A Common Stock (CRCT) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is CRCT positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 38.1%.
What is the most common correlation range for CRCT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for CRCT.
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