Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) Correlation Distribution
Across 6,809 rolling correlation observations between Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 7.5%.
- Total observations
- 6,809
- Mean correlation
- -0.097
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 15%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 253 | 3.7% | |
| -0.8 to -0.7 | 253 | 3.7% | |
| -0.7 to -0.6 | 909 | 13.3% | |
| -0.6 to -0.5 | 908 | 13.3% | |
| -0.5 to -0.4 | 570 | 8.4% | |
| -0.4 to -0.3 | 570 | 8.4% | |
| -0.3 to -0.2 | 269 | 4.0% | |
| -0.2 to -0.1 | 269 | 4.0% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 209 | 3.1% | |
| 0.4 to 0.5 | 208 | 3.1% | |
| 0.5 to 0.6 | 263 | 3.9% | |
| 0.6 to 0.7 | 262 | 3.8% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 197 | 2.9% |
Frequently asked questions
What is the average correlation of EDN?
Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) (EDN) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EDN positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for EDN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for EDN.
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