ESMT (ESMT) Correlation Distribution
Across 6,478 rolling correlation observations between ESMT (ESMT) and other NASDAQ-listed stocks, 78.2% are positive and 21.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 12.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,478
- Mean correlation
- 0.321
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.2%
- Strong positive (≥0.7)
- 12.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 54 | 0.8% | |
| -0.6 to -0.5 | 54 | 0.8% | |
| -0.5 to -0.4 | 184 | 2.8% | |
| -0.4 to -0.3 | 184 | 2.8% | |
| -0.3 to -0.2 | 287 | 4.4% | |
| -0.2 to -0.1 | 287 | 4.4% | |
| -0.1 to 0.0 | 352 | 5.4% | |
| 0.0 to 0.1 | 351 | 5.4% | |
| 0.1 to 0.2 | 432 | 6.7% | |
| 0.2 to 0.3 | 432 | 6.7% | |
| 0.3 to 0.4 | 606 | 9.4% | |
| 0.4 to 0.5 | 606 | 9.4% | |
| 0.5 to 0.6 | 904 | 14.0% | |
| 0.6 to 0.7 | 904 | 14.0% | |
| 0.7 to 0.8 | 415 | 6.4% | |
| 0.8 to 0.9 | 415 | 6.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of ESMT?
ESMT (ESMT) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,478 pairwise observations.
Is ESMT positively correlated with other stocks?
Mostly yes — 78.2% of pairs are positive and 21.8% are negative. Strong positive correlations (≥0.7) make up 12.9%.
What is the most common correlation range for ESMT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.1% of all pairs.
Explore the full interactive correlation distribution for ESMT.
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