California Water Service (CWT) Correlation Distribution
Across 6,809 rolling correlation observations between California Water Service (CWT) and other NASDAQ-listed stocks, 69.8% are positive and 30.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.196, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.4% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- 0.196
- Most common range
- 0.3 to 0.4
- Positive pairs
- 69.8%
- Strong positive (≥0.7)
- 5.4%
- Sector
- Water Supply
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 150 | 2.2% | |
| -0.6 to -0.5 | 149 | 2.2% | |
| -0.5 to -0.4 | 315 | 4.6% | |
| -0.4 to -0.3 | 314 | 4.6% | |
| -0.3 to -0.2 | 343 | 5.0% | |
| -0.2 to -0.1 | 343 | 5.0% | |
| -0.1 to 0.0 | 391 | 5.7% | |
| 0.0 to 0.1 | 391 | 5.7% | |
| 0.1 to 0.2 | 539 | 7.9% | |
| 0.2 to 0.3 | 538 | 7.9% | |
| 0.3 to 0.4 | 782 | 11.5% | |
| 0.4 to 0.5 | 782 | 11.5% | |
| 0.5 to 0.6 | 676 | 9.9% | |
| 0.6 to 0.7 | 676 | 9.9% | |
| 0.7 to 0.8 | 183 | 2.7% | |
| 0.8 to 0.9 | 183 | 2.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CWT?
California Water Service (CWT) has an average correlation of about 0.196 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CWT positively correlated with other stocks?
Mostly yes — 69.8% of pairs are positive and 30.2% are negative. Strong positive correlations (≥0.7) make up 5.4%.
What is the most common correlation range for CWT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 37.4% of all pairs.
Explore the full interactive correlation distribution for CWT.
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