FWBI (FWBI) Correlation Distribution
Across 6,635 rolling correlation observations between FWBI (FWBI) and other NASDAQ-listed stocks, 76.1% are positive and 23.9% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.42, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 44.9% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,635
- Mean correlation
- 0.42
- Most common range
- 0.9 to 1.0
- Positive pairs
- 76.1%
- Strong positive (≥0.7)
- 44.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 231 | 3.5% | |
| -0.6 to -0.5 | 231 | 3.5% | |
| -0.5 to -0.4 | 218 | 3.3% | |
| -0.4 to -0.3 | 217 | 3.3% | |
| -0.3 to -0.2 | 202 | 3.0% | |
| -0.2 to -0.1 | 201 | 3.0% | |
| -0.1 to 0.0 | 179 | 2.7% | |
| 0.0 to 0.1 | 178 | 2.7% | |
| 0.1 to 0.2 | 206 | 3.1% | |
| 0.2 to 0.3 | 205 | 3.1% | |
| 0.3 to 0.4 | 276 | 4.2% | |
| 0.4 to 0.5 | 275 | 4.1% | |
| 0.5 to 0.6 | 463 | 7.0% | |
| 0.6 to 0.7 | 462 | 7.0% | |
| 0.7 to 0.8 | 937 | 14.1% | |
| 0.8 to 0.9 | 937 | 14.1% | |
| 0.9 to 1.0 | 1,108 | 16.7% |
Frequently asked questions
What is the average correlation of FWBI?
FWBI (FWBI) has an average correlation of about 0.42 with other NASDAQ stocks, based on 6,635 pairwise observations.
Is FWBI positively correlated with other stocks?
Mostly yes — 76.1% of pairs are positive and 23.9% are negative. Strong positive correlations (≥0.7) make up 44.9%.
What is the most common correlation range for FWBI?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for FWBI.
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