Cresud S.A.C.I.F. y A. Warrant (CRESW) Correlation Distribution
Across 6,762 rolling correlation observations between Cresud S.A.C.I.F. y A. Warrant (CRESW) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.116, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,762
- Mean correlation
- -0.116
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 112 | 1.7% | |
| -0.8 to -0.7 | 112 | 1.7% | |
| -0.7 to -0.6 | 812 | 12.0% | |
| -0.6 to -0.5 | 811 | 12.0% | |
| -0.5 to -0.4 | 786 | 11.6% | |
| -0.4 to -0.3 | 785 | 11.6% | |
| -0.3 to -0.2 | 333 | 4.9% | |
| -0.2 to -0.1 | 332 | 4.9% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 245 | 3.6% | |
| 0.2 to 0.3 | 244 | 3.6% | |
| 0.3 to 0.4 | 255 | 3.8% | |
| 0.4 to 0.5 | 254 | 3.8% | |
| 0.5 to 0.6 | 338 | 5.0% | |
| 0.6 to 0.7 | 337 | 5.0% | |
| 0.7 to 0.8 | 265 | 3.9% | |
| 0.8 to 0.9 | 265 | 3.9% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of CRESW?
Cresud S.A.C.I.F. y A. Warrant (CRESW) has an average correlation of about -0.116 with other NASDAQ stocks, based on 6,762 pairwise observations.
Is CRESW positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for CRESW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for CRESW.
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