FRLN (FRLN) Correlation Distribution
Across 6,534 rolling correlation observations between FRLN (FRLN) and other NASDAQ-listed stocks, 63.5% are positive and 36.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.204, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.8% and strong negative correlations (≤−0.7) for 9.8%.
- Total observations
- 6,534
- Mean correlation
- 0.204
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.5%
- Strong positive (≥0.7)
- 27.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 42 | 0.6% | |
| -0.9 to -0.8 | 298 | 4.6% | |
| -0.8 to -0.7 | 298 | 4.6% | |
| -0.7 to -0.6 | 296 | 4.5% | |
| -0.6 to -0.5 | 295 | 4.5% | |
| -0.5 to -0.4 | 241 | 3.7% | |
| -0.4 to -0.3 | 241 | 3.7% | |
| -0.3 to -0.2 | 226 | 3.5% | |
| -0.2 to -0.1 | 225 | 3.4% | |
| -0.1 to 0.0 | 224 | 3.4% | |
| 0.0 to 0.1 | 224 | 3.4% | |
| 0.1 to 0.2 | 233 | 3.6% | |
| 0.2 to 0.3 | 232 | 3.6% | |
| 0.3 to 0.4 | 292 | 4.5% | |
| 0.4 to 0.5 | 291 | 4.5% | |
| 0.5 to 0.6 | 531 | 8.1% | |
| 0.6 to 0.7 | 530 | 8.1% | |
| 0.7 to 0.8 | 672 | 10.3% | |
| 0.8 to 0.9 | 672 | 10.3% | |
| 0.9 to 1.0 | 471 | 7.2% |
Frequently asked questions
What is the average correlation of FRLN?
FRLN (FRLN) has an average correlation of about 0.204 with other NASDAQ stocks, based on 6,534 pairwise observations.
Is FRLN positively correlated with other stocks?
Mostly yes — 63.5% of pairs are positive and 36.5% are negative. Strong positive correlations (≥0.7) make up 27.8%.
What is the most common correlation range for FRLN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for FRLN.
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