FLME (FLME) Correlation Distribution
Across 6,381 rolling correlation observations between FLME (FLME) and other NASDAQ-listed stocks, 27.8% are positive and 72.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.204, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,381
- Mean correlation
- -0.204
- Most common range
- -0.7 to -0.6
- Positive pairs
- 27.8%
- Strong positive (≥0.7)
- 9.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.9% | |
| -0.8 to -0.7 | 185 | 2.9% | |
| -0.7 to -0.6 | 967 | 15.2% | |
| -0.6 to -0.5 | 966 | 15.1% | |
| -0.5 to -0.4 | 758 | 11.9% | |
| -0.4 to -0.3 | 757 | 11.9% | |
| -0.3 to -0.2 | 300 | 4.7% | |
| -0.2 to -0.1 | 299 | 4.7% | |
| -0.1 to 0.0 | 191 | 3.0% | |
| 0.0 to 0.1 | 190 | 3.0% | |
| 0.1 to 0.2 | 160 | 2.5% | |
| 0.2 to 0.3 | 159 | 2.5% | |
| 0.3 to 0.4 | 157 | 2.5% | |
| 0.4 to 0.5 | 157 | 2.5% | |
| 0.5 to 0.6 | 180 | 2.8% | |
| 0.6 to 0.7 | 180 | 2.8% | |
| 0.7 to 0.8 | 273 | 4.3% | |
| 0.8 to 0.9 | 272 | 4.3% | |
| 0.9 to 1.0 | 43 | 0.7% |
Frequently asked questions
What is the average correlation of FLME?
FLME (FLME) has an average correlation of about -0.204 with other NASDAQ stocks, based on 6,381 pairwise observations.
Is FLME positively correlated with other stocks?
Not predominantly — 27.8% of pairs are positive and 72.2% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for FLME?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for FLME.
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