FATP (FATP) Correlation Distribution
Across 5,914 rolling correlation observations between FATP (FATP) and other NASDAQ-listed stocks, 27.4% are positive and 72.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.3, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.6% and strong negative correlations (≤−0.7) for 31.3%.
- Total observations
- 5,914
- Mean correlation
- -0.3
- Most common range
- -0.9 to -0.8
- Positive pairs
- 27.4%
- Strong positive (≥0.7)
- 9.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 135 | 2.3% | |
| -0.9 to -0.8 | 857 | 14.5% | |
| -0.8 to -0.7 | 857 | 14.5% | |
| -0.7 to -0.6 | 675 | 11.4% | |
| -0.6 to -0.5 | 675 | 11.4% | |
| -0.5 to -0.4 | 282 | 4.8% | |
| -0.4 to -0.3 | 281 | 4.8% | |
| -0.3 to -0.2 | 187 | 3.2% | |
| -0.2 to -0.1 | 186 | 3.1% | |
| -0.1 to 0.0 | 157 | 2.7% | |
| 0.0 to 0.1 | 156 | 2.6% | |
| 0.1 to 0.2 | 155 | 2.6% | |
| 0.2 to 0.3 | 155 | 2.6% | |
| 0.3 to 0.4 | 144 | 2.4% | |
| 0.4 to 0.5 | 143 | 2.4% | |
| 0.5 to 0.6 | 151 | 2.6% | |
| 0.6 to 0.7 | 151 | 2.6% | |
| 0.7 to 0.8 | 205 | 3.5% | |
| 0.8 to 0.9 | 204 | 3.4% | |
| 0.9 to 1.0 | 158 | 2.7% |
Frequently asked questions
What is the average correlation of FATP?
FATP (FATP) has an average correlation of about -0.3 with other NASDAQ stocks, based on 5,914 pairwise observations.
Is FATP positively correlated with other stocks?
Not predominantly — 27.4% of pairs are positive and 72.6% are negative. Strong positive correlations (≥0.7) make up 9.6%.
What is the most common correlation range for FATP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for FATP.
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