CoreCivic, Inc. (CXW) Correlation Distribution
Across 6,809 rolling correlation observations between CoreCivic, Inc. (CXW) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 133 | 2.0% | |
| -0.8 to -0.7 | 133 | 2.0% | |
| -0.7 to -0.6 | 803 | 11.8% | |
| -0.6 to -0.5 | 803 | 11.8% | |
| -0.5 to -0.4 | 676 | 9.9% | |
| -0.4 to -0.3 | 675 | 9.9% | |
| -0.3 to -0.2 | 364 | 5.3% | |
| -0.2 to -0.1 | 364 | 5.3% | |
| -0.1 to 0.0 | 274 | 4.0% | |
| 0.0 to 0.1 | 273 | 4.0% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 247 | 3.6% | |
| 0.4 to 0.5 | 246 | 3.6% | |
| 0.5 to 0.6 | 325 | 4.8% | |
| 0.6 to 0.7 | 325 | 4.8% | |
| 0.7 to 0.8 | 358 | 5.3% | |
| 0.8 to 0.9 | 357 | 5.2% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of CXW?
CoreCivic, Inc. (CXW) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CXW positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for CXW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for CXW.
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