ENCP (ENCP) Correlation Distribution
Across 5,389 rolling correlation observations between ENCP (ENCP) and other NASDAQ-listed stocks, 31.3% are positive and 68.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 5,389
- Mean correlation
- -0.138
- Most common range
- -0.5 to -0.4
- Positive pairs
- 31.3%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 14 | 0.3% | |
| -0.6 to -0.5 | 13 | 0.2% | |
| -0.5 to -0.4 | 1,117 | 20.7% | |
| -0.4 to -0.3 | 1,117 | 20.7% | |
| -0.3 to -0.2 | 553 | 10.3% | |
| -0.2 to -0.1 | 552 | 10.2% | |
| -0.1 to 0.0 | 321 | 6.0% | |
| 0.0 to 0.1 | 320 | 5.9% | |
| 0.1 to 0.2 | 369 | 6.8% | |
| 0.2 to 0.3 | 369 | 6.8% | |
| 0.3 to 0.4 | 308 | 5.7% | |
| 0.4 to 0.5 | 308 | 5.7% | |
| 0.5 to 0.6 | 6 | 0.1% | |
| 0.6 to 0.7 | 5 | 0.1% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ENCP?
ENCP (ENCP) has an average correlation of about -0.138 with other NASDAQ stocks, based on 5,389 pairwise observations.
Is ENCP positively correlated with other stocks?
Not predominantly — 31.3% of pairs are positive and 68.7% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for ENCP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 46.1% of all pairs.
Explore the full interactive correlation distribution for ENCP.
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