FTC Solar, Inc. Common Stock (FTCI) Correlation Distribution
Across 6,806 rolling correlation observations between FTC Solar, Inc. Common Stock (FTCI) and other NASDAQ-listed stocks, 70.7% are positive and 29.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.336, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.7% and strong negative correlations (≤−0.7) for 6%.
- Total observations
- 6,806
- Mean correlation
- 0.336
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.7%
- Strong positive (≥0.7)
- 42.7%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 199 | 2.9% | |
| -0.8 to -0.7 | 199 | 2.9% | |
| -0.7 to -0.6 | 320 | 4.7% | |
| -0.6 to -0.5 | 319 | 4.7% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 199 | 2.9% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 174 | 2.6% | |
| 0.0 to 0.1 | 174 | 2.6% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 245 | 3.6% | |
| 0.4 to 0.5 | 245 | 3.6% | |
| 0.5 to 0.6 | 414 | 6.1% | |
| 0.6 to 0.7 | 413 | 6.1% | |
| 0.7 to 0.8 | 1,013 | 14.9% | |
| 0.8 to 0.9 | 1,013 | 14.9% | |
| 0.9 to 1.0 | 877 | 12.9% |
Frequently asked questions
What is the average correlation of FTCI?
FTC Solar, Inc. Common Stock (FTCI) has an average correlation of about 0.336 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is FTCI positively correlated with other stocks?
Mostly yes — 70.7% of pairs are positive and 29.3% are negative. Strong positive correlations (≥0.7) make up 42.7%.
What is the most common correlation range for FTCI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for FTCI.
Open interactive dashboard →