Deswell Industries Inc (DSWL) Correlation Distribution
Across 6,799 rolling correlation observations between Deswell Industries Inc (DSWL) and other NASDAQ-listed stocks, 72.3% are positive and 27.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.5% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,799
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.3%
- Strong positive (≥0.7)
- 28.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 91 | 1.3% | |
| -0.8 to -0.7 | 91 | 1.3% | |
| -0.7 to -0.6 | 217 | 3.2% | |
| -0.6 to -0.5 | 216 | 3.2% | |
| -0.5 to -0.4 | 273 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 233 | 3.4% | |
| -0.2 to -0.1 | 232 | 3.4% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 298 | 4.4% | |
| 0.2 to 0.3 | 298 | 4.4% | |
| 0.3 to 0.4 | 410 | 6.0% | |
| 0.4 to 0.5 | 410 | 6.0% | |
| 0.5 to 0.6 | 658 | 9.7% | |
| 0.6 to 0.7 | 658 | 9.7% | |
| 0.7 to 0.8 | 897 | 13.2% | |
| 0.8 to 0.9 | 897 | 13.2% | |
| 0.9 to 1.0 | 141 | 2.1% |
Frequently asked questions
What is the average correlation of DSWL?
Deswell Industries Inc (DSWL) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,799 pairwise observations.
Is DSWL positively correlated with other stocks?
Mostly yes — 72.3% of pairs are positive and 27.7% are negative. Strong positive correlations (≥0.7) make up 28.5%.
What is the most common correlation range for DSWL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for DSWL.
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