FRGI (FRGI) Correlation Distribution
Across 6,360 rolling correlation observations between FRGI (FRGI) and other NASDAQ-listed stocks, 75.3% are positive and 24.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.35, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29.8% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,360
- Mean correlation
- 0.35
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.3%
- Strong positive (≥0.7)
- 29.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 137 | 2.2% | |
| -0.6 to -0.5 | 137 | 2.2% | |
| -0.5 to -0.4 | 237 | 3.7% | |
| -0.4 to -0.3 | 237 | 3.7% | |
| -0.3 to -0.2 | 259 | 4.1% | |
| -0.2 to -0.1 | 259 | 4.1% | |
| -0.1 to 0.0 | 289 | 4.5% | |
| 0.0 to 0.1 | 288 | 4.5% | |
| 0.1 to 0.2 | 314 | 4.9% | |
| 0.2 to 0.3 | 313 | 4.9% | |
| 0.3 to 0.4 | 381 | 6.0% | |
| 0.4 to 0.5 | 381 | 6.0% | |
| 0.5 to 0.6 | 608 | 9.6% | |
| 0.6 to 0.7 | 608 | 9.6% | |
| 0.7 to 0.8 | 895 | 14.1% | |
| 0.8 to 0.9 | 894 | 14.1% | |
| 0.9 to 1.0 | 108 | 1.7% |
Frequently asked questions
What is the average correlation of FRGI?
FRGI (FRGI) has an average correlation of about 0.35 with other NASDAQ stocks, based on 6,360 pairwise observations.
Is FRGI positively correlated with other stocks?
Mostly yes — 75.3% of pairs are positive and 24.7% are negative. Strong positive correlations (≥0.7) make up 29.8%.
What is the most common correlation range for FRGI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.1% of all pairs.
Explore the full interactive correlation distribution for FRGI.
Open interactive dashboard →