Consolidated Water Co Inc (CWCO) Correlation Distribution
Across 6,809 rolling correlation observations between Consolidated Water Co Inc (CWCO) and other NASDAQ-listed stocks, 34% are positive and 66% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.192, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 16.4%.
- Total observations
- 6,809
- Mean correlation
- -0.192
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 547 | 8.0% | |
| -0.8 to -0.7 | 547 | 8.0% | |
| -0.7 to -0.6 | 906 | 13.3% | |
| -0.6 to -0.5 | 906 | 13.3% | |
| -0.5 to -0.4 | 421 | 6.2% | |
| -0.4 to -0.3 | 421 | 6.2% | |
| -0.3 to -0.2 | 249 | 3.7% | |
| -0.2 to -0.1 | 249 | 3.7% | |
| -0.1 to 0.0 | 230 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 220 | 3.2% | |
| 0.3 to 0.4 | 222 | 3.3% | |
| 0.4 to 0.5 | 221 | 3.2% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 289 | 4.2% | |
| 0.7 to 0.8 | 300 | 4.4% | |
| 0.8 to 0.9 | 299 | 4.4% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of CWCO?
Consolidated Water Co Inc (CWCO) has an average correlation of about -0.192 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CWCO positively correlated with other stocks?
Not predominantly — 34% of pairs are positive and 66% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for CWCO?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for CWCO.
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