Liberty Media Corporation Series C Liberty Formula One Common Stock (FWONK) Correlation Distribution
Across 6,809 rolling correlation observations between Liberty Media Corporation Series C Liberty Formula One Common Stock (FWONK) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.127, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 18.5%.
- Total observations
- 6,809
- Mean correlation
- -0.127
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 12.6%
- Sector
- Television Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 624 | 9.2% | |
| -0.8 to -0.7 | 623 | 9.1% | |
| -0.7 to -0.6 | 654 | 9.6% | |
| -0.6 to -0.5 | 653 | 9.6% | |
| -0.5 to -0.4 | 424 | 6.2% | |
| -0.4 to -0.3 | 424 | 6.2% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 264 | 3.9% | |
| -0.1 to 0.0 | 216 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 340 | 5.0% | |
| 0.7 to 0.8 | 398 | 5.8% | |
| 0.8 to 0.9 | 398 | 5.8% | |
| 0.9 to 1.0 | 64 | 0.9% |
Frequently asked questions
What is the average correlation of FWONK?
Liberty Media Corporation Series C Liberty Formula One Common Stock (FWONK) has an average correlation of about -0.127 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is FWONK positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for FWONK?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for FWONK.
Open interactive dashboard →