FEN (FEN) Correlation Distribution
Across 6,646 rolling correlation observations between FEN (FEN) and other NASDAQ-listed stocks, 54.6% are positive and 45.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.073, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 7% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,646
- Mean correlation
- 0.073
- Most common range
- -0.3 to -0.2
- Positive pairs
- 54.6%
- Strong positive (≥0.7)
- 7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.2% | |
| -0.8 to -0.7 | 77 | 1.2% | |
| -0.7 to -0.6 | 248 | 3.7% | |
| -0.6 to -0.5 | 247 | 3.7% | |
| -0.5 to -0.4 | 445 | 6.7% | |
| -0.4 to -0.3 | 445 | 6.7% | |
| -0.3 to -0.2 | 492 | 7.4% | |
| -0.2 to -0.1 | 492 | 7.4% | |
| -0.1 to 0.0 | 492 | 7.4% | |
| 0.0 to 0.1 | 491 | 7.4% | |
| 0.1 to 0.2 | 423 | 6.4% | |
| 0.2 to 0.3 | 423 | 6.4% | |
| 0.3 to 0.4 | 454 | 6.8% | |
| 0.4 to 0.5 | 454 | 6.8% | |
| 0.5 to 0.6 | 461 | 6.9% | |
| 0.6 to 0.7 | 461 | 6.9% | |
| 0.7 to 0.8 | 228 | 3.4% | |
| 0.8 to 0.9 | 227 | 3.4% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of FEN?
FEN (FEN) has an average correlation of about 0.073 with other NASDAQ stocks, based on 6,646 pairwise observations.
Is FEN positively correlated with other stocks?
Mostly yes — 54.6% of pairs are positive and 45.4% are negative. Strong positive correlations (≥0.7) make up 7%.
What is the most common correlation range for FEN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.3% of all pairs.
Explore the full interactive correlation distribution for FEN.
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