First Advantage Corporation Common Stock (FA) Correlation Distribution
Across 6,806 rolling correlation observations between First Advantage Corporation Common Stock (FA) and other NASDAQ-listed stocks, 79.1% are positive and 20.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.297, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.2% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,806
- Mean correlation
- 0.297
- Most common range
- 0.5 to 0.6
- Positive pairs
- 79.1%
- Strong positive (≥0.7)
- 10.2%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 11 | 0.2% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 109 | 1.6% | |
| -0.6 to -0.5 | 109 | 1.6% | |
| -0.5 to -0.4 | 185 | 2.7% | |
| -0.4 to -0.3 | 185 | 2.7% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 364 | 5.3% | |
| 0.0 to 0.1 | 363 | 5.3% | |
| 0.1 to 0.2 | 558 | 8.2% | |
| 0.2 to 0.3 | 557 | 8.2% | |
| 0.3 to 0.4 | 743 | 10.9% | |
| 0.4 to 0.5 | 742 | 10.9% | |
| 0.5 to 0.6 | 865 | 12.7% | |
| 0.6 to 0.7 | 865 | 12.7% | |
| 0.7 to 0.8 | 345 | 5.1% | |
| 0.8 to 0.9 | 344 | 5.1% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of FA?
First Advantage Corporation Common Stock (FA) has an average correlation of about 0.297 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FA positively correlated with other stocks?
Mostly yes — 79.1% of pairs are positive and 20.9% are negative. Strong positive correlations (≥0.7) make up 10.2%.
What is the most common correlation range for FA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.6% of all pairs.
Explore the full interactive correlation distribution for FA.
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