DMAQ (DMAQ) Correlation Distribution
Across 5,641 rolling correlation observations between DMAQ (DMAQ) and other NASDAQ-listed stocks, 27.2% are positive and 72.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.212, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 5,641
- Mean correlation
- -0.212
- Most common range
- -0.5 to -0.4
- Positive pairs
- 27.2%
- Strong positive (≥0.7)
- 0.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 20 | 0.4% | |
| -0.8 to -0.7 | 20 | 0.4% | |
| -0.7 to -0.6 | 655 | 11.6% | |
| -0.6 to -0.5 | 654 | 11.6% | |
| -0.5 to -0.4 | 933 | 16.5% | |
| -0.4 to -0.3 | 932 | 16.5% | |
| -0.3 to -0.2 | 327 | 5.8% | |
| -0.2 to -0.1 | 327 | 5.8% | |
| -0.1 to 0.0 | 241 | 4.3% | |
| 0.0 to 0.1 | 240 | 4.3% | |
| 0.1 to 0.2 | 212 | 3.8% | |
| 0.2 to 0.3 | 212 | 3.8% | |
| 0.3 to 0.4 | 283 | 5.0% | |
| 0.4 to 0.5 | 282 | 5.0% | |
| 0.5 to 0.6 | 137 | 2.4% | |
| 0.6 to 0.7 | 136 | 2.4% | |
| 0.7 to 0.8 | 10 | 0.2% | |
| 0.8 to 0.9 | 9 | 0.2% | |
| 0.9 to 1.0 | 11 | 0.2% |
Frequently asked questions
What is the average correlation of DMAQ?
DMAQ (DMAQ) has an average correlation of about -0.212 with other NASDAQ stocks, based on 5,641 pairwise observations.
Is DMAQ positively correlated with other stocks?
Not predominantly — 27.2% of pairs are positive and 72.8% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for DMAQ?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.6% of all pairs.
Explore the full interactive correlation distribution for DMAQ.
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