Cerence Inc. Common Stock (CRNC) Correlation Distribution
Across 6,809 rolling correlation observations between Cerence Inc. Common Stock (CRNC) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.31, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.31
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 37.2%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 106 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 348 | 5.1% | |
| -0.6 to -0.5 | 348 | 5.1% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 266 | 3.9% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 205 | 3.0% | |
| 0.0 to 0.1 | 204 | 3.0% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 294 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 478 | 7.0% | |
| 0.6 to 0.7 | 478 | 7.0% | |
| 0.7 to 0.8 | 970 | 14.2% | |
| 0.8 to 0.9 | 969 | 14.2% | |
| 0.9 to 1.0 | 595 | 8.7% |
Frequently asked questions
What is the average correlation of CRNC?
Cerence Inc. Common Stock (CRNC) has an average correlation of about 0.31 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CRNC positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for CRNC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for CRNC.
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