DUET (DUET) Correlation Distribution
Across 5,515 rolling correlation observations between DUET (DUET) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.3% and strong negative correlations (≤−0.7) for 24.7%.
- Total observations
- 5,515
- Mean correlation
- -0.143
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 15.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 217 | 3.9% | |
| -0.9 to -0.8 | 574 | 10.4% | |
| -0.8 to -0.7 | 573 | 10.4% | |
| -0.7 to -0.6 | 431 | 7.8% | |
| -0.6 to -0.5 | 430 | 7.8% | |
| -0.5 to -0.4 | 285 | 5.2% | |
| -0.4 to -0.3 | 285 | 5.2% | |
| -0.3 to -0.2 | 212 | 3.8% | |
| -0.2 to -0.1 | 212 | 3.8% | |
| -0.1 to 0.0 | 181 | 3.3% | |
| 0.0 to 0.1 | 181 | 3.3% | |
| 0.1 to 0.2 | 166 | 3.0% | |
| 0.2 to 0.3 | 165 | 3.0% | |
| 0.3 to 0.4 | 167 | 3.0% | |
| 0.4 to 0.5 | 167 | 3.0% | |
| 0.5 to 0.6 | 214 | 3.9% | |
| 0.6 to 0.7 | 213 | 3.9% | |
| 0.7 to 0.8 | 311 | 5.6% | |
| 0.8 to 0.9 | 311 | 5.6% | |
| 0.9 to 1.0 | 220 | 4.0% |
Frequently asked questions
What is the average correlation of DUET?
DUET (DUET) has an average correlation of about -0.143 with other NASDAQ stocks, based on 5,515 pairwise observations.
Is DUET positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 15.3%.
What is the most common correlation range for DUET?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for DUET.
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