E2open Parent Holdings, Inc. (ETWO) Correlation Distribution
Across 6,806 rolling correlation observations between E2open Parent Holdings, Inc. (ETWO) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.6% and strong negative correlations (≤−0.7) for 8.5%.
- Total observations
- 6,806
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 41.6%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 287 | 4.2% | |
| -0.8 to -0.7 | 286 | 4.2% | |
| -0.7 to -0.6 | 272 | 4.0% | |
| -0.6 to -0.5 | 272 | 4.0% | |
| -0.5 to -0.4 | 186 | 2.7% | |
| -0.4 to -0.3 | 186 | 2.7% | |
| -0.3 to -0.2 | 173 | 2.5% | |
| -0.2 to -0.1 | 173 | 2.5% | |
| -0.1 to 0.0 | 162 | 2.4% | |
| 0.0 to 0.1 | 162 | 2.4% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 190 | 2.8% | |
| 0.3 to 0.4 | 258 | 3.8% | |
| 0.4 to 0.5 | 257 | 3.8% | |
| 0.5 to 0.6 | 457 | 6.7% | |
| 0.6 to 0.7 | 456 | 6.7% | |
| 0.7 to 0.8 | 1,148 | 16.9% | |
| 0.8 to 0.9 | 1,148 | 16.9% | |
| 0.9 to 1.0 | 537 | 7.9% |
Frequently asked questions
What is the average correlation of ETWO?
E2open Parent Holdings, Inc. (ETWO) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ETWO positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 41.6%.
What is the most common correlation range for ETWO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.4% of all pairs.
Explore the full interactive correlation distribution for ETWO.
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