Daily Journal Corp (DJCO) Correlation Distribution
Across 6,804 rolling correlation observations between Daily Journal Corp (DJCO) and other NASDAQ-listed stocks, 50.5% are positive and 49.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,804
- Mean correlation
- 0.082
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50.5%
- Strong positive (≥0.7)
- 11%
- Sector
- Newspapers: Publishing Or Publishing & Printing
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 212 | 3.1% | |
| -0.6 to -0.5 | 212 | 3.1% | |
| -0.5 to -0.4 | 451 | 6.6% | |
| -0.4 to -0.3 | 451 | 6.6% | |
| -0.3 to -0.2 | 753 | 11.1% | |
| -0.2 to -0.1 | 752 | 11.1% | |
| -0.1 to 0.0 | 473 | 7.0% | |
| 0.0 to 0.1 | 472 | 6.9% | |
| 0.1 to 0.2 | 343 | 5.0% | |
| 0.2 to 0.3 | 342 | 5.0% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 341 | 5.0% | |
| 0.5 to 0.6 | 424 | 6.2% | |
| 0.6 to 0.7 | 424 | 6.2% | |
| 0.7 to 0.8 | 371 | 5.5% | |
| 0.8 to 0.9 | 370 | 5.4% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of DJCO?
Daily Journal Corp (DJCO) has an average correlation of about 0.082 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is DJCO positively correlated with other stocks?
Mostly yes — 50.5% of pairs are positive and 49.5% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for DJCO?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 46.1% of all pairs.
Explore the full interactive correlation distribution for DJCO.
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