CTCX (CTCX) Correlation Distribution
Across 5,873 rolling correlation observations between CTCX (CTCX) and other NASDAQ-listed stocks, 45% are positive and 55% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.058, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.3% and strong negative correlations (≤−0.7) for 19.5%.
- Total observations
- 5,873
- Mean correlation
- -0.058
- Most common range
- -0.9 to -0.8
- Positive pairs
- 45%
- Strong positive (≥0.7)
- 16.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 572 | 9.7% | |
| -0.8 to -0.7 | 572 | 9.7% | |
| -0.7 to -0.6 | 466 | 7.9% | |
| -0.6 to -0.5 | 466 | 7.9% | |
| -0.5 to -0.4 | 280 | 4.8% | |
| -0.4 to -0.3 | 280 | 4.8% | |
| -0.3 to -0.2 | 210 | 3.6% | |
| -0.2 to -0.1 | 210 | 3.6% | |
| -0.1 to 0.0 | 175 | 3.0% | |
| 0.0 to 0.1 | 175 | 3.0% | |
| 0.1 to 0.2 | 179 | 3.0% | |
| 0.2 to 0.3 | 178 | 3.0% | |
| 0.3 to 0.4 | 213 | 3.6% | |
| 0.4 to 0.5 | 212 | 3.6% | |
| 0.5 to 0.6 | 364 | 6.2% | |
| 0.6 to 0.7 | 363 | 6.2% | |
| 0.7 to 0.8 | 474 | 8.1% | |
| 0.8 to 0.9 | 474 | 8.1% | |
| 0.9 to 1.0 | 9 | 0.2% |
Frequently asked questions
What is the average correlation of CTCX?
CTCX (CTCX) has an average correlation of about -0.058 with other NASDAQ stocks, based on 5,873 pairwise observations.
Is CTCX positively correlated with other stocks?
Not predominantly — 45% of pairs are positive and 55% are negative. Strong positive correlations (≥0.7) make up 16.3%.
What is the most common correlation range for CTCX?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for CTCX.
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