Contango ORE, Inc. (CTGO) Correlation Distribution
Across 6,735 rolling correlation observations between Contango ORE, Inc. (CTGO) and other NASDAQ-listed stocks, 58.8% are positive and 41.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,735
- Mean correlation
- 0.055
- Most common range
- 0.3 to 0.4
- Positive pairs
- 58.8%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Gold And Silver Ores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 109 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 485 | 7.2% | |
| -0.6 to -0.5 | 484 | 7.2% | |
| -0.5 to -0.4 | 343 | 5.1% | |
| -0.4 to -0.3 | 342 | 5.1% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 322 | 4.8% | |
| 0.0 to 0.1 | 322 | 4.8% | |
| 0.1 to 0.2 | 503 | 7.5% | |
| 0.2 to 0.3 | 503 | 7.5% | |
| 0.3 to 0.4 | 722 | 10.7% | |
| 0.4 to 0.5 | 722 | 10.7% | |
| 0.5 to 0.6 | 532 | 7.9% | |
| 0.6 to 0.7 | 531 | 7.9% | |
| 0.7 to 0.8 | 62 | 0.9% | |
| 0.8 to 0.9 | 62 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CTGO?
Contango ORE, Inc. (CTGO) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,735 pairwise observations.
Is CTGO positively correlated with other stocks?
Mostly yes — 58.8% of pairs are positive and 41.2% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for CTGO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 33.1% of all pairs.
Explore the full interactive correlation distribution for CTGO.
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