Clearwater Analytics Holdings, Inc. (CWAN) Correlation Distribution
Across 6,801 rolling correlation observations between Clearwater Analytics Holdings, Inc. (CWAN) and other NASDAQ-listed stocks, 58.9% are positive and 41.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.126, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,801
- Mean correlation
- 0.126
- Most common range
- -0.1 to 0.0
- Positive pairs
- 58.9%
- Strong positive (≥0.7)
- 9.8%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 225 | 3.3% | |
| -0.6 to -0.5 | 225 | 3.3% | |
| -0.5 to -0.4 | 349 | 5.1% | |
| -0.4 to -0.3 | 348 | 5.1% | |
| -0.3 to -0.2 | 509 | 7.5% | |
| -0.2 to -0.1 | 509 | 7.5% | |
| -0.1 to 0.0 | 578 | 8.5% | |
| 0.0 to 0.1 | 577 | 8.5% | |
| 0.1 to 0.2 | 475 | 7.0% | |
| 0.2 to 0.3 | 475 | 7.0% | |
| 0.3 to 0.4 | 402 | 5.9% | |
| 0.4 to 0.5 | 402 | 5.9% | |
| 0.5 to 0.6 | 505 | 7.4% | |
| 0.6 to 0.7 | 504 | 7.4% | |
| 0.7 to 0.8 | 333 | 4.9% | |
| 0.8 to 0.9 | 333 | 4.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CWAN?
Clearwater Analytics Holdings, Inc. (CWAN) has an average correlation of about 0.126 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is CWAN positively correlated with other stocks?
Mostly yes — 58.9% of pairs are positive and 41.1% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for CWAN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 45.9% of all pairs.
Explore the full interactive correlation distribution for CWAN.
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