Edible Garden AG Incorporated Common Stock (EDBL) Correlation Distribution
Across 6,703 rolling correlation observations between Edible Garden AG Incorporated Common Stock (EDBL) and other NASDAQ-listed stocks, 59.4% are positive and 40.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.16, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.6% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,703
- Mean correlation
- 0.16
- Most common range
- 0.7 to 0.8
- Positive pairs
- 59.4%
- Strong positive (≥0.7)
- 20.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 94 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 383 | 5.7% | |
| -0.6 to -0.5 | 383 | 5.7% | |
| -0.5 to -0.4 | 424 | 6.3% | |
| -0.4 to -0.3 | 423 | 6.3% | |
| -0.3 to -0.2 | 317 | 4.7% | |
| -0.2 to -0.1 | 316 | 4.7% | |
| -0.1 to 0.0 | 285 | 4.3% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 301 | 4.5% | |
| 0.2 to 0.3 | 300 | 4.5% | |
| 0.3 to 0.4 | 387 | 5.8% | |
| 0.4 to 0.5 | 386 | 5.8% | |
| 0.5 to 0.6 | 474 | 7.1% | |
| 0.6 to 0.7 | 473 | 7.1% | |
| 0.7 to 0.8 | 535 | 8.0% | |
| 0.8 to 0.9 | 535 | 8.0% | |
| 0.9 to 1.0 | 308 | 4.6% |
Frequently asked questions
What is the average correlation of EDBL?
Edible Garden AG Incorporated Common Stock (EDBL) has an average correlation of about 0.16 with other NASDAQ stocks, based on 6,703 pairwise observations.
Is EDBL positively correlated with other stocks?
Mostly yes — 59.4% of pairs are positive and 40.6% are negative. Strong positive correlations (≥0.7) make up 20.6%.
What is the most common correlation range for EDBL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for EDBL.
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