Daktronics Inc (DAKT) Correlation Distribution
Across 6,809 rolling correlation observations between Daktronics Inc (DAKT) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,809
- Mean correlation
- -0.034
- Most common range
- -0.5 to -0.4
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 14.5%
- Sector
- Miscellaneous Manufacturing Industries
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 199 | 2.9% | |
| -0.8 to -0.7 | 198 | 2.9% | |
| -0.7 to -0.6 | 462 | 6.8% | |
| -0.6 to -0.5 | 462 | 6.8% | |
| -0.5 to -0.4 | 761 | 11.2% | |
| -0.4 to -0.3 | 760 | 11.2% | |
| -0.3 to -0.2 | 436 | 6.4% | |
| -0.2 to -0.1 | 435 | 6.4% | |
| -0.1 to 0.0 | 292 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 242 | 3.6% | |
| 0.4 to 0.5 | 241 | 3.5% | |
| 0.5 to 0.6 | 272 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 411 | 6.0% | |
| 0.9 to 1.0 | 164 | 2.4% |
Frequently asked questions
What is the average correlation of DAKT?
Daktronics Inc (DAKT) has an average correlation of about -0.034 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DAKT positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for DAKT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for DAKT.
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