FZT (FZT) Correlation Distribution
Across 6,161 rolling correlation observations between FZT (FZT) and other NASDAQ-listed stocks, 25% are positive and 75% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.21, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,161
- Mean correlation
- -0.21
- Most common range
- -0.5 to -0.4
- Positive pairs
- 25%
- Strong positive (≥0.7)
- 2.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 674 | 10.9% | |
| -0.6 to -0.5 | 673 | 10.9% | |
| -0.5 to -0.4 | 1,131 | 18.4% | |
| -0.4 to -0.3 | 1,130 | 18.3% | |
| -0.3 to -0.2 | 391 | 6.3% | |
| -0.2 to -0.1 | 390 | 6.3% | |
| -0.1 to 0.0 | 201 | 3.3% | |
| 0.0 to 0.1 | 201 | 3.3% | |
| 0.1 to 0.2 | 205 | 3.3% | |
| 0.2 to 0.3 | 205 | 3.3% | |
| 0.3 to 0.4 | 178 | 2.9% | |
| 0.4 to 0.5 | 177 | 2.9% | |
| 0.5 to 0.6 | 216 | 3.5% | |
| 0.6 to 0.7 | 215 | 3.5% | |
| 0.7 to 0.8 | 66 | 1.1% | |
| 0.8 to 0.9 | 66 | 1.1% | |
| 0.9 to 1.0 | 12 | 0.2% |
Frequently asked questions
What is the average correlation of FZT?
FZT (FZT) has an average correlation of about -0.21 with other NASDAQ stocks, based on 6,161 pairwise observations.
Is FZT positively correlated with other stocks?
Not predominantly — 25% of pairs are positive and 75% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for FZT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for FZT.
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