CSG Systems International (CSGS) Correlation Distribution
Across 6,809 rolling correlation observations between CSG Systems International (CSGS) and other NASDAQ-listed stocks, 47.1% are positive and 52.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- -0.029
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.1%
- Strong positive (≥0.7)
- 1%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 284 | 4.2% | |
| -0.6 to -0.5 | 284 | 4.2% | |
| -0.5 to -0.4 | 608 | 8.9% | |
| -0.4 to -0.3 | 607 | 8.9% | |
| -0.3 to -0.2 | 570 | 8.4% | |
| -0.2 to -0.1 | 570 | 8.4% | |
| -0.1 to 0.0 | 559 | 8.2% | |
| 0.0 to 0.1 | 558 | 8.2% | |
| 0.1 to 0.2 | 567 | 8.3% | |
| 0.2 to 0.3 | 567 | 8.3% | |
| 0.3 to 0.4 | 492 | 7.2% | |
| 0.4 to 0.5 | 492 | 7.2% | |
| 0.5 to 0.6 | 232 | 3.4% | |
| 0.6 to 0.7 | 231 | 3.4% | |
| 0.7 to 0.8 | 34 | 0.5% | |
| 0.8 to 0.9 | 33 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CSGS?
CSG Systems International (CSGS) has an average correlation of about -0.029 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CSGS positively correlated with other stocks?
Not predominantly — 47.1% of pairs are positive and 52.9% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for CSGS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 49.8% of all pairs.
Explore the full interactive correlation distribution for CSGS.
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