ICNC (ICNC) Correlation Distribution
Across 5,642 rolling correlation observations between ICNC (ICNC) and other NASDAQ-listed stocks, 27.9% are positive and 72.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.304, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.3% and strong negative correlations (≤−0.7) for 34.2%.
- Total observations
- 5,642
- Mean correlation
- -0.304
- Most common range
- -0.9 to -0.8
- Positive pairs
- 27.9%
- Strong positive (≥0.7)
- 9.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 185 | 3.3% | |
| -0.9 to -0.8 | 873 | 15.5% | |
| -0.8 to -0.7 | 873 | 15.5% | |
| -0.7 to -0.6 | 560 | 9.9% | |
| -0.6 to -0.5 | 559 | 9.9% | |
| -0.5 to -0.4 | 250 | 4.4% | |
| -0.4 to -0.3 | 249 | 4.4% | |
| -0.3 to -0.2 | 187 | 3.3% | |
| -0.2 to -0.1 | 186 | 3.3% | |
| -0.1 to 0.0 | 148 | 2.6% | |
| 0.0 to 0.1 | 147 | 2.6% | |
| 0.1 to 0.2 | 147 | 2.6% | |
| 0.2 to 0.3 | 147 | 2.6% | |
| 0.3 to 0.4 | 148 | 2.6% | |
| 0.4 to 0.5 | 147 | 2.6% | |
| 0.5 to 0.6 | 155 | 2.7% | |
| 0.6 to 0.7 | 154 | 2.7% | |
| 0.7 to 0.8 | 203 | 3.6% | |
| 0.8 to 0.9 | 202 | 3.6% | |
| 0.9 to 1.0 | 122 | 2.2% |
Frequently asked questions
What is the average correlation of ICNC?
ICNC (ICNC) has an average correlation of about -0.304 with other NASDAQ stocks, based on 5,642 pairwise observations.
Is ICNC positively correlated with other stocks?
Not predominantly — 27.9% of pairs are positive and 72.1% are negative. Strong positive correlations (≥0.7) make up 9.3%.
What is the most common correlation range for ICNC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.1% of all pairs.
Explore the full interactive correlation distribution for ICNC.
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