EIGR (EIGR) Correlation Distribution
Across 6,611 rolling correlation observations between EIGR (EIGR) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% 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 25.1% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,611
- Mean correlation
- 0.212
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 25.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 363 | 5.5% | |
| -0.8 to -0.7 | 362 | 5.5% | |
| -0.7 to -0.6 | 239 | 3.6% | |
| -0.6 to -0.5 | 239 | 3.6% | |
| -0.5 to -0.4 | 202 | 3.1% | |
| -0.4 to -0.3 | 201 | 3.0% | |
| -0.3 to -0.2 | 193 | 2.9% | |
| -0.2 to -0.1 | 192 | 2.9% | |
| -0.1 to 0.0 | 193 | 2.9% | |
| 0.0 to 0.1 | 193 | 2.9% | |
| 0.1 to 0.2 | 246 | 3.7% | |
| 0.2 to 0.3 | 246 | 3.7% | |
| 0.3 to 0.4 | 364 | 5.5% | |
| 0.4 to 0.5 | 364 | 5.5% | |
| 0.5 to 0.6 | 669 | 10.1% | |
| 0.6 to 0.7 | 668 | 10.1% | |
| 0.7 to 0.8 | 807 | 12.2% | |
| 0.8 to 0.9 | 807 | 12.2% | |
| 0.9 to 1.0 | 45 | 0.7% |
Frequently asked questions
What is the average correlation of EIGR?
EIGR (EIGR) has an average correlation of about 0.212 with other NASDAQ stocks, based on 6,611 pairwise observations.
Is EIGR positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 25.1%.
What is the most common correlation range for EIGR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for EIGR.
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