ELYM (ELYM) Correlation Distribution
Across 6,760 rolling correlation observations between ELYM (ELYM) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.358, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,760
- Mean correlation
- 0.358
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 32%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 133 | 2.0% | |
| -0.6 to -0.5 | 133 | 2.0% | |
| -0.5 to -0.4 | 248 | 3.7% | |
| -0.4 to -0.3 | 248 | 3.7% | |
| -0.3 to -0.2 | 295 | 4.4% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 281 | 4.2% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 291 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 422 | 6.2% | |
| 0.4 to 0.5 | 421 | 6.2% | |
| 0.5 to 0.6 | 604 | 8.9% | |
| 0.6 to 0.7 | 604 | 8.9% | |
| 0.7 to 0.8 | 980 | 14.5% | |
| 0.8 to 0.9 | 980 | 14.5% | |
| 0.9 to 1.0 | 202 | 3.0% |
Frequently asked questions
What is the average correlation of ELYM?
ELYM (ELYM) has an average correlation of about 0.358 with other NASDAQ stocks, based on 6,760 pairwise observations.
Is ELYM positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 32%.
What is the most common correlation range for ELYM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for ELYM.
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