CXAC (CXAC) Correlation Distribution
Across 6,005 rolling correlation observations between CXAC (CXAC) and other NASDAQ-listed stocks, 32.2% are positive and 67.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.227, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 27.3%.
- Total observations
- 6,005
- Mean correlation
- -0.227
- Most common range
- -0.9 to -0.8
- Positive pairs
- 32.2%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 142 | 2.4% | |
| -0.9 to -0.8 | 749 | 12.5% | |
| -0.8 to -0.7 | 749 | 12.5% | |
| -0.7 to -0.6 | 605 | 10.1% | |
| -0.6 to -0.5 | 604 | 10.1% | |
| -0.5 to -0.4 | 319 | 5.3% | |
| -0.4 to -0.3 | 319 | 5.3% | |
| -0.3 to -0.2 | 210 | 3.5% | |
| -0.2 to -0.1 | 210 | 3.5% | |
| -0.1 to 0.0 | 163 | 2.7% | |
| 0.0 to 0.1 | 163 | 2.7% | |
| 0.1 to 0.2 | 178 | 3.0% | |
| 0.2 to 0.3 | 178 | 3.0% | |
| 0.3 to 0.4 | 164 | 2.7% | |
| 0.4 to 0.5 | 164 | 2.7% | |
| 0.5 to 0.6 | 186 | 3.1% | |
| 0.6 to 0.7 | 186 | 3.1% | |
| 0.7 to 0.8 | 243 | 4.0% | |
| 0.8 to 0.9 | 242 | 4.0% | |
| 0.9 to 1.0 | 231 | 3.8% |
Frequently asked questions
What is the average correlation of CXAC?
CXAC (CXAC) has an average correlation of about -0.227 with other NASDAQ stocks, based on 6,005 pairwise observations.
Is CXAC positively correlated with other stocks?
Not predominantly — 32.2% of pairs are positive and 67.8% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for CXAC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for CXAC.
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