Electra Battery Materials Corporation Common Stock (ELBM) Correlation Distribution
Across 6,711 rolling correlation observations between Electra Battery Materials Corporation Common Stock (ELBM) and other NASDAQ-listed stocks, 58.6% are positive and 41.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.14, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.1% and strong negative correlations (≤−0.7) for 11.3%.
- Total observations
- 6,711
- Mean correlation
- 0.14
- Most common range
- 0.7 to 0.8
- Positive pairs
- 58.6%
- Strong positive (≥0.7)
- 27.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 85 | 1.3% | |
| -0.9 to -0.8 | 336 | 5.0% | |
| -0.8 to -0.7 | 335 | 5.0% | |
| -0.7 to -0.6 | 381 | 5.7% | |
| -0.6 to -0.5 | 380 | 5.7% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 284 | 4.2% | |
| -0.3 to -0.2 | 232 | 3.5% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 314 | 4.7% | |
| 0.4 to 0.5 | 313 | 4.7% | |
| 0.5 to 0.6 | 387 | 5.8% | |
| 0.6 to 0.7 | 387 | 5.8% | |
| 0.7 to 0.8 | 680 | 10.1% | |
| 0.8 to 0.9 | 679 | 10.1% | |
| 0.9 to 1.0 | 458 | 6.8% |
Frequently asked questions
What is the average correlation of ELBM?
Electra Battery Materials Corporation Common Stock (ELBM) has an average correlation of about 0.14 with other NASDAQ stocks, based on 6,711 pairwise observations.
Is ELBM positively correlated with other stocks?
Mostly yes — 58.6% of pairs are positive and 41.4% are negative. Strong positive correlations (≥0.7) make up 27.1%.
What is the most common correlation range for ELBM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for ELBM.
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