Energy Focus, Inc. (EFOI) Correlation Distribution
Across 6,807 rolling correlation observations between Energy Focus, Inc. (EFOI) and other NASDAQ-listed stocks, 63.2% are positive and 36.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.212, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 7.7%.
- Total observations
- 6,807
- Mean correlation
- 0.212
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.2%
- Strong positive (≥0.7)
- 30.8%
- Sector
- Electric Lighting & Wiring Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 28 | 0.4% | |
| -0.9 to -0.8 | 247 | 3.6% | |
| -0.8 to -0.7 | 247 | 3.6% | |
| -0.7 to -0.6 | 376 | 5.5% | |
| -0.6 to -0.5 | 376 | 5.5% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 277 | 4.1% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 291 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 468 | 6.9% | |
| 0.6 to 0.7 | 467 | 6.9% | |
| 0.7 to 0.8 | 847 | 12.4% | |
| 0.8 to 0.9 | 846 | 12.4% | |
| 0.9 to 1.0 | 404 | 5.9% |
Frequently asked questions
What is the average correlation of EFOI?
Energy Focus, Inc. (EFOI) has an average correlation of about 0.212 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is EFOI positively correlated with other stocks?
Mostly yes — 63.2% of pairs are positive and 36.8% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for EFOI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for EFOI.
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