DHCAW (DHCAW) Correlation Distribution
Across 6,058 rolling correlation observations between DHCAW (DHCAW) and other NASDAQ-listed stocks, 78.5% are positive and 21.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.445, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 49% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,058
- Mean correlation
- 0.445
- Most common range
- 0.7 to 0.8
- Positive pairs
- 78.5%
- Strong positive (≥0.7)
- 49%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 99 | 1.6% | |
| -0.8 to -0.7 | 99 | 1.6% | |
| -0.7 to -0.6 | 181 | 3.0% | |
| -0.6 to -0.5 | 181 | 3.0% | |
| -0.5 to -0.4 | 156 | 2.6% | |
| -0.4 to -0.3 | 155 | 2.6% | |
| -0.3 to -0.2 | 143 | 2.4% | |
| -0.2 to -0.1 | 142 | 2.3% | |
| -0.1 to 0.0 | 144 | 2.4% | |
| 0.0 to 0.1 | 144 | 2.4% | |
| 0.1 to 0.2 | 164 | 2.7% | |
| 0.2 to 0.3 | 164 | 2.7% | |
| 0.3 to 0.4 | 237 | 3.9% | |
| 0.4 to 0.5 | 236 | 3.9% | |
| 0.5 to 0.6 | 422 | 7.0% | |
| 0.6 to 0.7 | 422 | 7.0% | |
| 0.7 to 0.8 | 1,080 | 17.8% | |
| 0.8 to 0.9 | 1,080 | 17.8% | |
| 0.9 to 1.0 | 808 | 13.3% |
Frequently asked questions
What is the average correlation of DHCAW?
DHCAW (DHCAW) has an average correlation of about 0.445 with other NASDAQ stocks, based on 6,058 pairwise observations.
Is DHCAW positively correlated with other stocks?
Mostly yes — 78.5% of pairs are positive and 21.5% are negative. Strong positive correlations (≥0.7) make up 49%.
What is the most common correlation range for DHCAW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 14.9% of all pairs.
Explore the full interactive correlation distribution for DHCAW.
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