Citi Trends, Inc. (CTRN) Correlation Distribution
Across 6,809 rolling correlation observations between Citi Trends, Inc. (CTRN) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.334, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.334
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 28.7%
- Sector
- Retail-Apparel & Accessory Stores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 84 | 1.2% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 333 | 4.9% | |
| -0.4 to -0.3 | 333 | 4.9% | |
| -0.3 to -0.2 | 331 | 4.9% | |
| -0.2 to -0.1 | 331 | 4.9% | |
| -0.1 to 0.0 | 331 | 4.9% | |
| 0.0 to 0.1 | 331 | 4.9% | |
| 0.1 to 0.2 | 341 | 5.0% | |
| 0.2 to 0.3 | 341 | 5.0% | |
| 0.3 to 0.4 | 393 | 5.8% | |
| 0.4 to 0.5 | 392 | 5.8% | |
| 0.5 to 0.6 | 613 | 9.0% | |
| 0.6 to 0.7 | 612 | 9.0% | |
| 0.7 to 0.8 | 876 | 12.9% | |
| 0.8 to 0.9 | 875 | 12.9% | |
| 0.9 to 1.0 | 203 | 3.0% |
Frequently asked questions
What is the average correlation of CTRN?
Citi Trends, Inc. (CTRN) has an average correlation of about 0.334 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CTRN positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 28.7%.
What is the most common correlation range for CTRN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.5% of all pairs.
Explore the full interactive correlation distribution for CTRN.
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