Centrais Elétricas Brasileiras S.A.- Eletrobrás American Depositary Shares (Each representing one Common Share) (EBR) Correlation Distribution
Across 6,809 rolling correlation observations between Centrais Elétricas Brasileiras S.A.- Eletrobrás American Depositary Shares (Each representing one Common Share) (EBR) and other NASDAQ-listed stocks, 36.6% are positive and 63.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.077, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- -0.077
- Most common range
- -0.3 to -0.2
- Positive pairs
- 36.6%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 66 | 1.0% | |
| -0.6 to -0.5 | 65 | 1.0% | |
| -0.5 to -0.4 | 631 | 9.3% | |
| -0.4 to -0.3 | 630 | 9.3% | |
| -0.3 to -0.2 | 1,024 | 15.0% | |
| -0.2 to -0.1 | 1,024 | 15.0% | |
| -0.1 to 0.0 | 873 | 12.8% | |
| 0.0 to 0.1 | 873 | 12.8% | |
| 0.1 to 0.2 | 502 | 7.4% | |
| 0.2 to 0.3 | 502 | 7.4% | |
| 0.3 to 0.4 | 251 | 3.7% | |
| 0.4 to 0.5 | 251 | 3.7% | |
| 0.5 to 0.6 | 56 | 0.8% | |
| 0.6 to 0.7 | 56 | 0.8% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EBR?
Centrais Elétricas Brasileiras S.A.- Eletrobrás American Depositary Shares (Each representing one Common Share) (EBR) has an average correlation of about -0.077 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EBR positively correlated with other stocks?
Not predominantly — 36.6% of pairs are positive and 63.4% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for EBR?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 70.5% of all pairs.
Explore the full interactive correlation distribution for EBR.
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