ESTE (ESTE) Correlation Distribution
Across 6,368 rolling correlation observations between ESTE (ESTE) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.136, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 15.9%.
- Total observations
- 6,368
- Mean correlation
- -0.136
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 9.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 505 | 7.9% | |
| -0.8 to -0.7 | 504 | 7.9% | |
| -0.7 to -0.6 | 627 | 9.8% | |
| -0.6 to -0.5 | 627 | 9.8% | |
| -0.5 to -0.4 | 394 | 6.2% | |
| -0.4 to -0.3 | 394 | 6.2% | |
| -0.3 to -0.2 | 323 | 5.1% | |
| -0.2 to -0.1 | 322 | 5.1% | |
| -0.1 to 0.0 | 250 | 3.9% | |
| 0.0 to 0.1 | 250 | 3.9% | |
| 0.1 to 0.2 | 231 | 3.6% | |
| 0.2 to 0.3 | 231 | 3.6% | |
| 0.3 to 0.4 | 255 | 4.0% | |
| 0.4 to 0.5 | 254 | 4.0% | |
| 0.5 to 0.6 | 299 | 4.7% | |
| 0.6 to 0.7 | 298 | 4.7% | |
| 0.7 to 0.8 | 264 | 4.1% | |
| 0.8 to 0.9 | 264 | 4.1% | |
| 0.9 to 1.0 | 71 | 1.1% |
Frequently asked questions
What is the average correlation of ESTE?
ESTE (ESTE) has an average correlation of about -0.136 with other NASDAQ stocks, based on 6,368 pairwise observations.
Is ESTE positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for ESTE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for ESTE.
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