Freight Technologies, Inc. Ordinary Shares (FRGT) Correlation Distribution
Across 6,686 rolling correlation observations between Freight Technologies, Inc. Ordinary Shares (FRGT) and other NASDAQ-listed stocks, 59.6% are positive and 40.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.164, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 20.8% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,686
- Mean correlation
- 0.164
- Most common range
- 0.7 to 0.8
- Positive pairs
- 59.6%
- Strong positive (≥0.7)
- 20.8%
- Sector
- Arrangement Of Transportation Of Freight & Cargo
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.2% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 376 | 5.6% | |
| -0.6 to -0.5 | 375 | 5.6% | |
| -0.5 to -0.4 | 436 | 6.5% | |
| -0.4 to -0.3 | 436 | 6.5% | |
| -0.3 to -0.2 | 320 | 4.8% | |
| -0.2 to -0.1 | 319 | 4.8% | |
| -0.1 to 0.0 | 284 | 4.2% | |
| 0.0 to 0.1 | 284 | 4.2% | |
| 0.1 to 0.2 | 296 | 4.4% | |
| 0.2 to 0.3 | 295 | 4.4% | |
| 0.3 to 0.4 | 383 | 5.7% | |
| 0.4 to 0.5 | 382 | 5.7% | |
| 0.5 to 0.6 | 478 | 7.1% | |
| 0.6 to 0.7 | 478 | 7.1% | |
| 0.7 to 0.8 | 570 | 8.5% | |
| 0.8 to 0.9 | 569 | 8.5% | |
| 0.9 to 1.0 | 251 | 3.8% |
Frequently asked questions
What is the average correlation of FRGT?
Freight Technologies, Inc. Ordinary Shares (FRGT) has an average correlation of about 0.164 with other NASDAQ stocks, based on 6,686 pairwise observations.
Is FRGT positively correlated with other stocks?
Mostly yes — 59.6% of pairs are positive and 40.4% are negative. Strong positive correlations (≥0.7) make up 20.8%.
What is the most common correlation range for FRGT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for FRGT.
Open interactive dashboard →