FRBNU (FRBNU) Correlation Distribution
Across 4,934 rolling correlation observations between FRBNU (FRBNU) and other NASDAQ-listed stocks, 24.9% are positive and 75.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 4,934
- Mean correlation
- -0.143
- Most common range
- -0.3 to -0.2
- Positive pairs
- 24.9%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 7 | 0.1% | |
| -0.6 to -0.5 | 7 | 0.1% | |
| -0.5 to -0.4 | 647 | 13.1% | |
| -0.4 to -0.3 | 647 | 13.1% | |
| -0.3 to -0.2 | 1,024 | 20.8% | |
| -0.2 to -0.1 | 1,024 | 20.8% | |
| -0.1 to 0.0 | 351 | 7.1% | |
| 0.0 to 0.1 | 351 | 7.1% | |
| 0.1 to 0.2 | 306 | 6.2% | |
| 0.2 to 0.3 | 306 | 6.2% | |
| 0.3 to 0.4 | 131 | 2.7% | |
| 0.4 to 0.5 | 131 | 2.7% | |
| 0.5 to 0.6 | 1 | 0.0% | |
| 0.6 to 0.7 | 1 | 0.0% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FRBNU?
FRBNU (FRBNU) has an average correlation of about -0.143 with other NASDAQ stocks, based on 4,934 pairwise observations.
Is FRBNU positively correlated with other stocks?
Not predominantly — 24.9% of pairs are positive and 75.1% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for FRBNU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 68.1% of all pairs.
Explore the full interactive correlation distribution for FRBNU.
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