Eltek Ltd (ELTK) Correlation Distribution
Across 6,803 rolling correlation observations between Eltek Ltd (ELTK) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,803
- Mean correlation
- -0.082
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 6.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 107 | 1.6% | |
| -0.8 to -0.7 | 106 | 1.6% | |
| -0.7 to -0.6 | 538 | 7.9% | |
| -0.6 to -0.5 | 538 | 7.9% | |
| -0.5 to -0.4 | 877 | 12.9% | |
| -0.4 to -0.3 | 877 | 12.9% | |
| -0.3 to -0.2 | 447 | 6.6% | |
| -0.2 to -0.1 | 446 | 6.6% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 277 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 278 | 4.1% | |
| 0.4 to 0.5 | 277 | 4.1% | |
| 0.5 to 0.6 | 355 | 5.2% | |
| 0.6 to 0.7 | 355 | 5.2% | |
| 0.7 to 0.8 | 235 | 3.5% | |
| 0.8 to 0.9 | 234 | 3.4% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of ELTK?
Eltek Ltd (ELTK) has an average correlation of about -0.082 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is ELTK positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for ELTK?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.8% of all pairs.
Explore the full interactive correlation distribution for ELTK.
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