Flora Growth Corp. Common Stock (FLGC) Correlation Distribution
Across 6,806 rolling correlation observations between Flora Growth Corp. Common Stock (FLGC) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.327, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,806
- Mean correlation
- 0.327
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 31.7%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 194 | 2.9% | |
| -0.6 to -0.5 | 194 | 2.9% | |
| -0.5 to -0.4 | 335 | 4.9% | |
| -0.4 to -0.3 | 334 | 4.9% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 241 | 3.5% | |
| -0.1 to 0.0 | 243 | 3.6% | |
| 0.0 to 0.1 | 243 | 3.6% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 361 | 5.3% | |
| 0.4 to 0.5 | 361 | 5.3% | |
| 0.5 to 0.6 | 655 | 9.6% | |
| 0.6 to 0.7 | 654 | 9.6% | |
| 0.7 to 0.8 | 1,001 | 14.7% | |
| 0.8 to 0.9 | 1,001 | 14.7% | |
| 0.9 to 1.0 | 156 | 2.3% |
Frequently asked questions
What is the average correlation of FLGC?
Flora Growth Corp. Common Stock (FLGC) has an average correlation of about 0.327 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FLGC positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 31.7%.
What is the most common correlation range for FLGC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for FLGC.
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