First Watch Restaurant Group, Inc. Common Stock (FWRG) Correlation Distribution
Across 6,800 rolling correlation observations between First Watch Restaurant Group, Inc. Common Stock (FWRG) and other NASDAQ-listed stocks, 51.3% are positive and 48.7% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.024, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,800
- Mean correlation
- 0.024
- Most common range
- -0.1 to 0.0
- Positive pairs
- 51.3%
- Strong positive (≥0.7)
- 0.5%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 3 | 0.0% | |
| -0.7 to -0.6 | 85 | 1.3% | |
| -0.6 to -0.5 | 84 | 1.2% | |
| -0.5 to -0.4 | 417 | 6.1% | |
| -0.4 to -0.3 | 417 | 6.1% | |
| -0.3 to -0.2 | 739 | 10.9% | |
| -0.2 to -0.1 | 738 | 10.9% | |
| -0.1 to 0.0 | 828 | 12.2% | |
| 0.0 to 0.1 | 828 | 12.2% | |
| 0.1 to 0.2 | 632 | 9.3% | |
| 0.2 to 0.3 | 631 | 9.3% | |
| 0.3 to 0.4 | 500 | 7.4% | |
| 0.4 to 0.5 | 499 | 7.3% | |
| 0.5 to 0.6 | 183 | 2.7% | |
| 0.6 to 0.7 | 182 | 2.7% | |
| 0.7 to 0.8 | 16 | 0.2% | |
| 0.8 to 0.9 | 15 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of FWRG?
First Watch Restaurant Group, Inc. Common Stock (FWRG) has an average correlation of about 0.024 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is FWRG positively correlated with other stocks?
Mostly yes — 51.3% of pairs are positive and 48.7% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for FWRG?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 64.6% of all pairs.
Explore the full interactive correlation distribution for FWRG.
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