Formula Systems 1985 Ltd (FORTY) Correlation Distribution
Across 6,592 rolling correlation observations between Formula Systems 1985 Ltd (FORTY) and other NASDAQ-listed stocks, 74.1% are positive and 25.9% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.235, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.4% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,592
- Mean correlation
- 0.235
- Most common range
- 0.3 to 0.4
- Positive pairs
- 74.1%
- Strong positive (≥0.7)
- 6.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.5% | |
| -0.7 to -0.6 | 102 | 1.5% | |
| -0.6 to -0.5 | 101 | 1.5% | |
| -0.5 to -0.4 | 200 | 3.0% | |
| -0.4 to -0.3 | 200 | 3.0% | |
| -0.3 to -0.2 | 326 | 4.9% | |
| -0.2 to -0.1 | 325 | 4.9% | |
| -0.1 to 0.0 | 395 | 6.0% | |
| 0.0 to 0.1 | 395 | 6.0% | |
| 0.1 to 0.2 | 583 | 8.8% | |
| 0.2 to 0.3 | 582 | 8.8% | |
| 0.3 to 0.4 | 759 | 11.5% | |
| 0.4 to 0.5 | 759 | 11.5% | |
| 0.5 to 0.6 | 691 | 10.5% | |
| 0.6 to 0.7 | 691 | 10.5% | |
| 0.7 to 0.8 | 208 | 3.2% | |
| 0.8 to 0.9 | 208 | 3.2% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of FORTY?
Formula Systems 1985 Ltd (FORTY) has an average correlation of about 0.235 with other NASDAQ stocks, based on 6,592 pairwise observations.
Is FORTY positively correlated with other stocks?
Mostly yes — 74.1% of pairs are positive and 25.9% are negative. Strong positive correlations (≥0.7) make up 6.4%.
What is the most common correlation range for FORTY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 39.5% of all pairs.
Explore the full interactive correlation distribution for FORTY.
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