DEN (DEN) Correlation Distribution
Across 6,369 rolling correlation observations between DEN (DEN) and other NASDAQ-listed stocks, 36.5% are positive and 63.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.6% and strong negative correlations (≤−0.7) for 11.8%.
- Total observations
- 6,369
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.5%
- Strong positive (≥0.7)
- 8.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 362 | 5.7% | |
| -0.8 to -0.7 | 361 | 5.7% | |
| -0.7 to -0.6 | 708 | 11.1% | |
| -0.6 to -0.5 | 708 | 11.1% | |
| -0.5 to -0.4 | 486 | 7.6% | |
| -0.4 to -0.3 | 485 | 7.6% | |
| -0.3 to -0.2 | 324 | 5.1% | |
| -0.2 to -0.1 | 324 | 5.1% | |
| -0.1 to 0.0 | 261 | 4.1% | |
| 0.0 to 0.1 | 260 | 4.1% | |
| 0.1 to 0.2 | 208 | 3.3% | |
| 0.2 to 0.3 | 207 | 3.3% | |
| 0.3 to 0.4 | 223 | 3.5% | |
| 0.4 to 0.5 | 222 | 3.5% | |
| 0.5 to 0.6 | 329 | 5.2% | |
| 0.6 to 0.7 | 328 | 5.1% | |
| 0.7 to 0.8 | 262 | 4.1% | |
| 0.8 to 0.9 | 261 | 4.1% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of DEN?
DEN (DEN) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,369 pairwise observations.
Is DEN positively correlated with other stocks?
Not predominantly — 36.5% of pairs are positive and 63.5% are negative. Strong positive correlations (≥0.7) make up 8.6%.
What is the most common correlation range for DEN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 24.9% of all pairs.
Explore the full interactive correlation distribution for DEN.
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