Franklin Wireless Corp. Common Stock (FKWL) Correlation Distribution
Across 6,803 rolling correlation observations between Franklin Wireless Corp. Common Stock (FKWL) and other NASDAQ-listed stocks, 70.7% are positive and 29.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.253, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,803
- Mean correlation
- 0.253
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.7%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Telephone & Telegraph Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 16 | 0.2% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 78 | 1.1% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 243 | 3.6% | |
| -0.3 to -0.2 | 428 | 6.3% | |
| -0.2 to -0.1 | 428 | 6.3% | |
| -0.1 to 0.0 | 459 | 6.7% | |
| 0.0 to 0.1 | 459 | 6.7% | |
| 0.1 to 0.2 | 468 | 6.9% | |
| 0.2 to 0.3 | 468 | 6.9% | |
| 0.3 to 0.4 | 534 | 7.8% | |
| 0.4 to 0.5 | 533 | 7.8% | |
| 0.5 to 0.6 | 723 | 10.6% | |
| 0.6 to 0.7 | 722 | 10.6% | |
| 0.7 to 0.8 | 444 | 6.5% | |
| 0.8 to 0.9 | 444 | 6.5% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of FKWL?
Franklin Wireless Corp. Common Stock (FKWL) has an average correlation of about 0.253 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is FKWL positively correlated with other stocks?
Mostly yes — 70.7% of pairs are positive and 29.3% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for FKWL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39.8% of all pairs.
Explore the full interactive correlation distribution for FKWL.
Open interactive dashboard →