Flywire Corporation Voting Common Stock (FLYW) Correlation Distribution
Across 6,806 rolling correlation observations between Flywire Corporation Voting Common Stock (FLYW) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,806
- Mean correlation
- 0.242
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 15%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 316 | 4.6% | |
| -0.6 to -0.5 | 315 | 4.6% | |
| -0.5 to -0.4 | 298 | 4.4% | |
| -0.4 to -0.3 | 298 | 4.4% | |
| -0.3 to -0.2 | 267 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 245 | 3.6% | |
| 0.1 to 0.2 | 314 | 4.6% | |
| 0.2 to 0.3 | 314 | 4.6% | |
| 0.3 to 0.4 | 443 | 6.5% | |
| 0.4 to 0.5 | 443 | 6.5% | |
| 0.5 to 0.6 | 960 | 14.1% | |
| 0.6 to 0.7 | 959 | 14.1% | |
| 0.7 to 0.8 | 512 | 7.5% | |
| 0.8 to 0.9 | 511 | 7.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FLYW?
Flywire Corporation Voting Common Stock (FLYW) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FLYW positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for FLYW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.3% of all pairs.
Explore the full interactive correlation distribution for FLYW.
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