ESGL Holdings Limited Warrants (ESGLW) Correlation Distribution
Across 5,488 rolling correlation observations between ESGL Holdings Limited Warrants (ESGLW) and other NASDAQ-listed stocks, 59.8% are positive and 40.2% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,488
- Mean correlation
- 0.063
- Most common range
- 0.1 to 0.2
- Positive pairs
- 59.8%
- Strong positive (≥0.7)
- 0.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 29 | 0.5% | |
| -0.6 to -0.5 | 29 | 0.5% | |
| -0.5 to -0.4 | 243 | 4.4% | |
| -0.4 to -0.3 | 243 | 4.4% | |
| -0.3 to -0.2 | 466 | 8.5% | |
| -0.2 to -0.1 | 466 | 8.5% | |
| -0.1 to 0.0 | 727 | 13.2% | |
| 0.0 to 0.1 | 727 | 13.2% | |
| 0.1 to 0.2 | 780 | 14.2% | |
| 0.2 to 0.3 | 780 | 14.2% | |
| 0.3 to 0.4 | 372 | 6.8% | |
| 0.4 to 0.5 | 372 | 6.8% | |
| 0.5 to 0.6 | 119 | 2.2% | |
| 0.6 to 0.7 | 119 | 2.2% | |
| 0.7 to 0.8 | 8 | 0.1% | |
| 0.8 to 0.9 | 7 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ESGLW?
ESGL Holdings Limited Warrants (ESGLW) has an average correlation of about 0.063 with other NASDAQ stocks, based on 5,488 pairwise observations.
Is ESGLW positively correlated with other stocks?
Mostly yes — 59.8% of pairs are positive and 40.2% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for ESGLW?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 71.9% of all pairs.
Explore the full interactive correlation distribution for ESGLW.
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