Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) Correlation Distribution
Across 5,891 rolling correlation observations between Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) and other NASDAQ-listed stocks, 48.4% are positive and 51.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,891
- Mean correlation
- -0.003
- Most common range
- -0.5 to -0.4
- Positive pairs
- 48.4%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 406 | 6.9% | |
| -0.6 to -0.5 | 405 | 6.9% | |
| -0.5 to -0.4 | 618 | 10.5% | |
| -0.4 to -0.3 | 617 | 10.5% | |
| -0.3 to -0.2 | 356 | 6.0% | |
| -0.2 to -0.1 | 356 | 6.0% | |
| -0.1 to 0.0 | 279 | 4.7% | |
| 0.0 to 0.1 | 279 | 4.7% | |
| 0.1 to 0.2 | 288 | 4.9% | |
| 0.2 to 0.3 | 287 | 4.9% | |
| 0.3 to 0.4 | 521 | 8.8% | |
| 0.4 to 0.5 | 521 | 8.8% | |
| 0.5 to 0.6 | 475 | 8.1% | |
| 0.6 to 0.7 | 474 | 8.0% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 3 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CTNT?
Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) has an average correlation of about -0.003 with other NASDAQ stocks, based on 5,891 pairwise observations.
Is CTNT positively correlated with other stocks?
Not predominantly — 48.4% of pairs are positive and 51.6% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for CTNT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.3% of all pairs.
Explore the full interactive correlation distribution for CTNT.
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