Fuel Tech, Inc. (FTEK) Correlation Distribution
Across 6,809 rolling correlation observations between Fuel Tech, Inc. (FTEK) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.234, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.234
- Most common range
- 0.3 to 0.4
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 9.3%
- Sector
- Industrial & Commercial Fans & Blowers & Air Purifing Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 71 | 1.0% | |
| -0.6 to -0.5 | 71 | 1.0% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 340 | 5.0% | |
| -0.3 to -0.2 | 422 | 6.2% | |
| -0.2 to -0.1 | 421 | 6.2% | |
| -0.1 to 0.0 | 370 | 5.4% | |
| 0.0 to 0.1 | 370 | 5.4% | |
| 0.1 to 0.2 | 437 | 6.4% | |
| 0.2 to 0.3 | 437 | 6.4% | |
| 0.3 to 0.4 | 727 | 10.7% | |
| 0.4 to 0.5 | 727 | 10.7% | |
| 0.5 to 0.6 | 717 | 10.5% | |
| 0.6 to 0.7 | 717 | 10.5% | |
| 0.7 to 0.8 | 304 | 4.5% | |
| 0.8 to 0.9 | 303 | 4.4% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of FTEK?
Fuel Tech, Inc. (FTEK) has an average correlation of about 0.234 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FTEK positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for FTEK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 36.1% of all pairs.
Explore the full interactive correlation distribution for FTEK.
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