Digi International Inc (DGII) Correlation Distribution
Across 6,809 rolling correlation observations between Digi International Inc (DGII) and other NASDAQ-listed stocks, 38.2% are positive and 61.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.14, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 6%.
- Total observations
- 6,809
- Mean correlation
- -0.14
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.2%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Computer Communications Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 205 | 3.0% | |
| -0.8 to -0.7 | 204 | 3.0% | |
| -0.7 to -0.6 | 799 | 11.7% | |
| -0.6 to -0.5 | 798 | 11.7% | |
| -0.5 to -0.4 | 538 | 7.9% | |
| -0.4 to -0.3 | 537 | 7.9% | |
| -0.3 to -0.2 | 387 | 5.7% | |
| -0.2 to -0.1 | 387 | 5.7% | |
| -0.1 to 0.0 | 353 | 5.2% | |
| 0.0 to 0.1 | 352 | 5.2% | |
| 0.1 to 0.2 | 357 | 5.2% | |
| 0.2 to 0.3 | 356 | 5.2% | |
| 0.3 to 0.4 | 432 | 6.3% | |
| 0.4 to 0.5 | 431 | 6.3% | |
| 0.5 to 0.6 | 279 | 4.1% | |
| 0.6 to 0.7 | 278 | 4.1% | |
| 0.7 to 0.8 | 58 | 0.9% | |
| 0.8 to 0.9 | 58 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of DGII?
Digi International Inc (DGII) has an average correlation of about -0.14 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DGII positively correlated with other stocks?
Not predominantly — 38.2% of pairs are positive and 61.8% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for DGII?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 32.2% of all pairs.
Explore the full interactive correlation distribution for DGII.
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