Crane NXT, Co. (CXT) Correlation Distribution
Across 6,107 rolling correlation observations between Crane NXT, Co. (CXT) and other NASDAQ-listed stocks, 63.9% are positive and 36.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.112, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,107
- Mean correlation
- 0.112
- Most common range
- 0.1 to 0.2
- Positive pairs
- 63.9%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Miscellaneous Fabricated Metal Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 69 | 1.1% | |
| -0.6 to -0.5 | 68 | 1.1% | |
| -0.5 to -0.4 | 252 | 4.1% | |
| -0.4 to -0.3 | 251 | 4.1% | |
| -0.3 to -0.2 | 486 | 8.0% | |
| -0.2 to -0.1 | 485 | 7.9% | |
| -0.1 to 0.0 | 590 | 9.7% | |
| 0.0 to 0.1 | 589 | 9.6% | |
| 0.1 to 0.2 | 722 | 11.8% | |
| 0.2 to 0.3 | 721 | 11.8% | |
| 0.3 to 0.4 | 630 | 10.3% | |
| 0.4 to 0.5 | 630 | 10.3% | |
| 0.5 to 0.6 | 284 | 4.7% | |
| 0.6 to 0.7 | 283 | 4.6% | |
| 0.7 to 0.8 | 21 | 0.3% | |
| 0.8 to 0.9 | 21 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of CXT?
Crane NXT, Co. (CXT) has an average correlation of about 0.112 with other NASDAQ stocks, based on 6,107 pairwise observations.
Is CXT positively correlated with other stocks?
Mostly yes — 63.9% of pairs are positive and 36.1% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for CXT?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 58.8% of all pairs.
Explore the full interactive correlation distribution for CXT.
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