Fluence Energy, Inc. Class A Common Stock (FLNC) Correlation Distribution
Across 6,797 rolling correlation observations between Fluence Energy, Inc. Class A Common Stock (FLNC) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.123, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,797
- Mean correlation
- 0.123
- Most common range
- 0.1 to 0.2
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 0.8%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 74 | 1.1% | |
| -0.6 to -0.5 | 74 | 1.1% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 275 | 4.0% | |
| -0.3 to -0.2 | 489 | 7.2% | |
| -0.2 to -0.1 | 489 | 7.2% | |
| -0.1 to 0.0 | 624 | 9.2% | |
| 0.0 to 0.1 | 623 | 9.2% | |
| 0.1 to 0.2 | 828 | 12.2% | |
| 0.2 to 0.3 | 828 | 12.2% | |
| 0.3 to 0.4 | 790 | 11.6% | |
| 0.4 to 0.5 | 790 | 11.6% | |
| 0.5 to 0.6 | 285 | 4.2% | |
| 0.6 to 0.7 | 285 | 4.2% | |
| 0.7 to 0.8 | 27 | 0.4% | |
| 0.8 to 0.9 | 27 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FLNC?
Fluence Energy, Inc. Class A Common Stock (FLNC) has an average correlation of about 0.123 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is FLNC positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for FLNC?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 57.1% of all pairs.
Explore the full interactive correlation distribution for FLNC.
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