Clearway Energy, Inc. Class C Common Stock (CWEN) Correlation Distribution
Across 6,809 rolling correlation observations between Clearway Energy, Inc. Class C Common Stock (CWEN) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.121, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.121
- Most common range
- 0.1 to 0.2
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 99 | 1.5% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 310 | 4.6% | |
| -0.4 to -0.3 | 309 | 4.5% | |
| -0.3 to -0.2 | 437 | 6.4% | |
| -0.2 to -0.1 | 436 | 6.4% | |
| -0.1 to 0.0 | 577 | 8.5% | |
| 0.0 to 0.1 | 577 | 8.5% | |
| 0.1 to 0.2 | 779 | 11.4% | |
| 0.2 to 0.3 | 778 | 11.4% | |
| 0.3 to 0.4 | 634 | 9.3% | |
| 0.4 to 0.5 | 633 | 9.3% | |
| 0.5 to 0.6 | 425 | 6.2% | |
| 0.6 to 0.7 | 424 | 6.2% | |
| 0.7 to 0.8 | 85 | 1.2% | |
| 0.8 to 0.9 | 84 | 1.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of CWEN?
Clearway Energy, Inc. Class C Common Stock (CWEN) has an average correlation of about 0.121 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CWEN positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for CWEN?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 52.6% of all pairs.
Explore the full interactive correlation distribution for CWEN.
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