CyberArk Software Ltd. (CYBR) Correlation Distribution
Across 6,809 rolling correlation observations between CyberArk Software Ltd. (CYBR) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.032
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 15%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 180 | 2.6% | |
| -0.8 to -0.7 | 180 | 2.6% | |
| -0.7 to -0.6 | 536 | 7.9% | |
| -0.6 to -0.5 | 536 | 7.9% | |
| -0.5 to -0.4 | 753 | 11.1% | |
| -0.4 to -0.3 | 752 | 11.0% | |
| -0.3 to -0.2 | 374 | 5.5% | |
| -0.2 to -0.1 | 374 | 5.5% | |
| -0.1 to 0.0 | 295 | 4.3% | |
| 0.0 to 0.1 | 294 | 4.3% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 239 | 3.5% | |
| 0.3 to 0.4 | 240 | 3.5% | |
| 0.4 to 0.5 | 239 | 3.5% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 391 | 5.7% | |
| 0.8 to 0.9 | 391 | 5.7% | |
| 0.9 to 1.0 | 240 | 3.5% |
Frequently asked questions
What is the average correlation of CYBR?
CyberArk Software Ltd. (CYBR) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CYBR positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for CYBR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 26.7% of all pairs.
Explore the full interactive correlation distribution for CYBR.
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