FUTURETECH II ACQ CRP A (FTII) Correlation Distribution
Across 6,025 rolling correlation observations between FUTURETECH II ACQ CRP A (FTII) and other NASDAQ-listed stocks, 43.2% are positive and 56.8% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.8% and strong negative correlations (≤−0.7) for 21.7%.
- Total observations
- 6,025
- Mean correlation
- -0.091
- Most common range
- -0.9 to -0.8
- Positive pairs
- 43.2%
- Strong positive (≥0.7)
- 13.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 65 | 1.1% | |
| -0.9 to -0.8 | 622 | 10.3% | |
| -0.8 to -0.7 | 622 | 10.3% | |
| -0.7 to -0.6 | 441 | 7.3% | |
| -0.6 to -0.5 | 440 | 7.3% | |
| -0.5 to -0.4 | 258 | 4.3% | |
| -0.4 to -0.3 | 258 | 4.3% | |
| -0.3 to -0.2 | 247 | 4.1% | |
| -0.2 to -0.1 | 246 | 4.1% | |
| -0.1 to 0.0 | 223 | 3.7% | |
| 0.0 to 0.1 | 222 | 3.7% | |
| 0.1 to 0.2 | 200 | 3.3% | |
| 0.2 to 0.3 | 200 | 3.3% | |
| 0.3 to 0.4 | 239 | 4.0% | |
| 0.4 to 0.5 | 239 | 4.0% | |
| 0.5 to 0.6 | 337 | 5.6% | |
| 0.6 to 0.7 | 337 | 5.6% | |
| 0.7 to 0.8 | 398 | 6.6% | |
| 0.8 to 0.9 | 397 | 6.6% | |
| 0.9 to 1.0 | 34 | 0.6% |
Frequently asked questions
What is the average correlation of FTII?
FUTURETECH II ACQ CRP A (FTII) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,025 pairwise observations.
Is FTII positively correlated with other stocks?
Not predominantly — 43.2% of pairs are positive and 56.8% are negative. Strong positive correlations (≥0.7) make up 13.8%.
What is the most common correlation range for FTII?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.2% of all pairs.
Explore the full interactive correlation distribution for FTII.
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