Edible Garden AG Incorporated Warrant (EDBLW) Correlation Distribution
Across 6,437 rolling correlation observations between Edible Garden AG Incorporated Warrant (EDBLW) and other NASDAQ-listed stocks, 60% are positive and 40% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.14, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,437
- Mean correlation
- 0.14
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60%
- Strong positive (≥0.7)
- 11.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 25 | 0.4% | |
| -0.8 to -0.7 | 24 | 0.4% | |
| -0.7 to -0.6 | 260 | 4.0% | |
| -0.6 to -0.5 | 260 | 4.0% | |
| -0.5 to -0.4 | 452 | 7.0% | |
| -0.4 to -0.3 | 452 | 7.0% | |
| -0.3 to -0.2 | 386 | 6.0% | |
| -0.2 to -0.1 | 385 | 6.0% | |
| -0.1 to 0.0 | 332 | 5.2% | |
| 0.0 to 0.1 | 331 | 5.1% | |
| 0.1 to 0.2 | 391 | 6.1% | |
| 0.2 to 0.3 | 390 | 6.1% | |
| 0.3 to 0.4 | 464 | 7.2% | |
| 0.4 to 0.5 | 464 | 7.2% | |
| 0.5 to 0.6 | 529 | 8.2% | |
| 0.6 to 0.7 | 528 | 8.2% | |
| 0.7 to 0.8 | 382 | 5.9% | |
| 0.8 to 0.9 | 381 | 5.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of EDBLW?
Edible Garden AG Incorporated Warrant (EDBLW) has an average correlation of about 0.14 with other NASDAQ stocks, based on 6,437 pairwise observations.
Is EDBLW positively correlated with other stocks?
Mostly yes — 60% of pairs are positive and 40% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for EDBLW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.4% of all pairs.
Explore the full interactive correlation distribution for EDBLW.
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