CHARLES & COLVARD INC (CTHR) Correlation Distribution
Across 6,808 rolling correlation observations between CHARLES & COLVARD INC (CTHR) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.315, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.2% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,808
- Mean correlation
- 0.315
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 35.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 39 | 0.6% | |
| -0.9 to -0.8 | 117 | 1.7% | |
| -0.8 to -0.7 | 117 | 1.7% | |
| -0.7 to -0.6 | 298 | 4.4% | |
| -0.6 to -0.5 | 298 | 4.4% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 206 | 3.0% | |
| -0.2 to -0.1 | 205 | 3.0% | |
| -0.1 to 0.0 | 200 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 328 | 4.8% | |
| 0.4 to 0.5 | 327 | 4.8% | |
| 0.5 to 0.6 | 564 | 8.3% | |
| 0.6 to 0.7 | 564 | 8.3% | |
| 0.7 to 0.8 | 1,012 | 14.9% | |
| 0.8 to 0.9 | 1,012 | 14.9% | |
| 0.9 to 1.0 | 372 | 5.5% |
Frequently asked questions
What is the average correlation of CTHR?
CHARLES & COLVARD INC (CTHR) has an average correlation of about 0.315 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is CTHR positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 35.2%.
What is the most common correlation range for CTHR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.8% of all pairs.
Explore the full interactive correlation distribution for CTHR.
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