EAC (EAC) Correlation Distribution
Across 6,036 rolling correlation observations between EAC (EAC) and other NASDAQ-listed stocks, 26% are positive and 74% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.271, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 17.6%.
- Total observations
- 6,036
- Mean correlation
- -0.271
- Most common range
- -0.7 to -0.6
- Positive pairs
- 26%
- Strong positive (≥0.7)
- 9.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 42 | 0.7% | |
| -0.9 to -0.8 | 510 | 8.4% | |
| -0.8 to -0.7 | 509 | 8.4% | |
| -0.7 to -0.6 | 976 | 16.2% | |
| -0.6 to -0.5 | 976 | 16.2% | |
| -0.5 to -0.4 | 430 | 7.1% | |
| -0.4 to -0.3 | 430 | 7.1% | |
| -0.3 to -0.2 | 216 | 3.6% | |
| -0.2 to -0.1 | 216 | 3.6% | |
| -0.1 to 0.0 | 161 | 2.7% | |
| 0.0 to 0.1 | 161 | 2.7% | |
| 0.1 to 0.2 | 131 | 2.2% | |
| 0.2 to 0.3 | 131 | 2.2% | |
| 0.3 to 0.4 | 140 | 2.3% | |
| 0.4 to 0.5 | 139 | 2.3% | |
| 0.5 to 0.6 | 152 | 2.5% | |
| 0.6 to 0.7 | 151 | 2.5% | |
| 0.7 to 0.8 | 200 | 3.3% | |
| 0.8 to 0.9 | 199 | 3.3% | |
| 0.9 to 1.0 | 166 | 2.8% |
Frequently asked questions
What is the average correlation of EAC?
EAC (EAC) has an average correlation of about -0.271 with other NASDAQ stocks, based on 6,036 pairwise observations.
Is EAC positively correlated with other stocks?
Not predominantly — 26% of pairs are positive and 74% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for EAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for EAC.
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