EGIO (EGIO) Correlation Distribution
Across 6,607 rolling correlation observations between EGIO (EGIO) and other NASDAQ-listed stocks, 57.9% are positive and 42.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.12, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.8% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,607
- Mean correlation
- 0.12
- Most common range
- 0.7 to 0.8
- Positive pairs
- 57.9%
- Strong positive (≥0.7)
- 23.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 364 | 5.5% | |
| -0.8 to -0.7 | 364 | 5.5% | |
| -0.7 to -0.6 | 390 | 5.9% | |
| -0.6 to -0.5 | 390 | 5.9% | |
| -0.5 to -0.4 | 286 | 4.3% | |
| -0.4 to -0.3 | 285 | 4.3% | |
| -0.3 to -0.2 | 232 | 3.5% | |
| -0.2 to -0.1 | 231 | 3.5% | |
| -0.1 to 0.0 | 240 | 3.6% | |
| 0.0 to 0.1 | 240 | 3.6% | |
| 0.1 to 0.2 | 253 | 3.8% | |
| 0.2 to 0.3 | 252 | 3.8% | |
| 0.3 to 0.4 | 318 | 4.8% | |
| 0.4 to 0.5 | 317 | 4.8% | |
| 0.5 to 0.6 | 437 | 6.6% | |
| 0.6 to 0.7 | 437 | 6.6% | |
| 0.7 to 0.8 | 683 | 10.3% | |
| 0.8 to 0.9 | 683 | 10.3% | |
| 0.9 to 1.0 | 204 | 3.1% |
Frequently asked questions
What is the average correlation of EGIO?
EGIO (EGIO) has an average correlation of about 0.12 with other NASDAQ stocks, based on 6,607 pairwise observations.
Is EGIO positively correlated with other stocks?
Mostly yes — 57.9% of pairs are positive and 42.1% are negative. Strong positive correlations (≥0.7) make up 23.8%.
What is the most common correlation range for EGIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.9% of all pairs.
Explore the full interactive correlation distribution for EGIO.
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