eGain Corporation (EGAN) Correlation Distribution
Across 6,809 rolling correlation observations between eGain Corporation (EGAN) and other NASDAQ-listed stocks, 64.3% are positive and 35.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.184, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.6% and strong negative correlations (≤−0.7) for 10%.
- Total observations
- 6,809
- Mean correlation
- 0.184
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.3%
- Strong positive (≥0.7)
- 21.6%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 340 | 5.0% | |
| -0.8 to -0.7 | 340 | 5.0% | |
| -0.7 to -0.6 | 344 | 5.1% | |
| -0.6 to -0.5 | 343 | 5.0% | |
| -0.5 to -0.4 | 209 | 3.1% | |
| -0.4 to -0.3 | 209 | 3.1% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 214 | 3.1% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 214 | 3.1% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 348 | 5.1% | |
| 0.4 to 0.5 | 347 | 5.1% | |
| 0.5 to 0.6 | 759 | 11.1% | |
| 0.6 to 0.7 | 758 | 11.1% | |
| 0.7 to 0.8 | 735 | 10.8% | |
| 0.8 to 0.9 | 734 | 10.8% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of EGAN?
eGain Corporation (EGAN) has an average correlation of about 0.184 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EGAN positively correlated with other stocks?
Mostly yes — 64.3% of pairs are positive and 35.7% are negative. Strong positive correlations (≥0.7) make up 21.6%.
What is the most common correlation range for EGAN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for EGAN.
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