Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) Correlation Distribution
Across 6,475 rolling correlation observations between Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) and other NASDAQ-listed stocks, 52.4% are positive and 47.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.5% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,475
- Mean correlation
- 0.064
- Most common range
- -0.7 to -0.6
- Positive pairs
- 52.4%
- Strong positive (≥0.7)
- 15.5%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 161 | 2.5% | |
| -0.8 to -0.7 | 160 | 2.5% | |
| -0.7 to -0.6 | 512 | 7.9% | |
| -0.6 to -0.5 | 511 | 7.9% | |
| -0.5 to -0.4 | 389 | 6.0% | |
| -0.4 to -0.3 | 389 | 6.0% | |
| -0.3 to -0.2 | 332 | 5.1% | |
| -0.2 to -0.1 | 332 | 5.1% | |
| -0.1 to 0.0 | 294 | 4.5% | |
| 0.0 to 0.1 | 294 | 4.5% | |
| 0.1 to 0.2 | 246 | 3.8% | |
| 0.2 to 0.3 | 245 | 3.8% | |
| 0.3 to 0.4 | 353 | 5.5% | |
| 0.4 to 0.5 | 352 | 5.4% | |
| 0.5 to 0.6 | 452 | 7.0% | |
| 0.6 to 0.7 | 452 | 7.0% | |
| 0.7 to 0.8 | 489 | 7.6% | |
| 0.8 to 0.9 | 488 | 7.5% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of DFLI?
Dragonfly Energy Holdings Corp. Common Stock (NV) (DFLI) has an average correlation of about 0.064 with other NASDAQ stocks, based on 6,475 pairwise observations.
Is DFLI positively correlated with other stocks?
Mostly yes — 52.4% of pairs are positive and 47.6% are negative. Strong positive correlations (≥0.7) make up 15.5%.
What is the most common correlation range for DFLI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for DFLI.
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