FRXB (FRXB) Correlation Distribution
Across 6,206 rolling correlation observations between FRXB (FRXB) and other NASDAQ-listed stocks, 24.1% are positive and 75.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.311, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.1% and strong negative correlations (≤−0.7) for 23%.
- Total observations
- 6,206
- Mean correlation
- -0.311
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24.1%
- Strong positive (≥0.7)
- 8.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 24 | 0.4% | |
| -0.9 to -0.8 | 703 | 11.3% | |
| -0.8 to -0.7 | 702 | 11.3% | |
| -0.7 to -0.6 | 972 | 15.7% | |
| -0.6 to -0.5 | 972 | 15.7% | |
| -0.5 to -0.4 | 398 | 6.4% | |
| -0.4 to -0.3 | 397 | 6.4% | |
| -0.3 to -0.2 | 199 | 3.2% | |
| -0.2 to -0.1 | 198 | 3.2% | |
| -0.1 to 0.0 | 145 | 2.3% | |
| 0.0 to 0.1 | 144 | 2.3% | |
| 0.1 to 0.2 | 122 | 2.0% | |
| 0.2 to 0.3 | 122 | 2.0% | |
| 0.3 to 0.4 | 146 | 2.4% | |
| 0.4 to 0.5 | 146 | 2.4% | |
| 0.5 to 0.6 | 157 | 2.5% | |
| 0.6 to 0.7 | 157 | 2.5% | |
| 0.7 to 0.8 | 164 | 2.6% | |
| 0.8 to 0.9 | 164 | 2.6% | |
| 0.9 to 1.0 | 174 | 2.8% |
Frequently asked questions
What is the average correlation of FRXB?
FRXB (FRXB) has an average correlation of about -0.311 with other NASDAQ stocks, based on 6,206 pairwise observations.
Is FRXB positively correlated with other stocks?
Not predominantly — 24.1% of pairs are positive and 75.9% are negative. Strong positive correlations (≥0.7) make up 8.1%.
What is the most common correlation range for FRXB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 15% of all pairs.
Explore the full interactive correlation distribution for FRXB.
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