DKDCW (DKDCW) Correlation Distribution
Across 5,720 rolling correlation observations between DKDCW (DKDCW) and other NASDAQ-listed stocks, 79.8% are positive and 20.2% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.485, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 55.4% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 5,720
- Mean correlation
- 0.485
- Most common range
- 0.9 to 1.0
- Positive pairs
- 79.8%
- Strong positive (≥0.7)
- 55.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.5% | |
| -0.9 to -0.8 | 134 | 2.3% | |
| -0.8 to -0.7 | 134 | 2.3% | |
| -0.7 to -0.6 | 158 | 2.8% | |
| -0.6 to -0.5 | 158 | 2.8% | |
| -0.5 to -0.4 | 102 | 1.8% | |
| -0.4 to -0.3 | 101 | 1.8% | |
| -0.3 to -0.2 | 112 | 2.0% | |
| -0.2 to -0.1 | 111 | 1.9% | |
| -0.1 to 0.0 | 118 | 2.1% | |
| 0.0 to 0.1 | 118 | 2.1% | |
| 0.1 to 0.2 | 129 | 2.3% | |
| 0.2 to 0.3 | 128 | 2.2% | |
| 0.3 to 0.4 | 193 | 3.4% | |
| 0.4 to 0.5 | 192 | 3.4% | |
| 0.5 to 0.6 | 317 | 5.5% | |
| 0.6 to 0.7 | 316 | 5.5% | |
| 0.7 to 0.8 | 878 | 15.3% | |
| 0.8 to 0.9 | 877 | 15.3% | |
| 0.9 to 1.0 | 1,414 | 24.7% |
Frequently asked questions
What is the average correlation of DKDCW?
DKDCW (DKDCW) has an average correlation of about 0.485 with other NASDAQ stocks, based on 5,720 pairwise observations.
Is DKDCW positively correlated with other stocks?
Mostly yes — 79.8% of pairs are positive and 20.2% are negative. Strong positive correlations (≥0.7) make up 55.4%.
What is the most common correlation range for DKDCW?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 12.5% of all pairs.
Explore the full interactive correlation distribution for DKDCW.
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