InterDigital, Inc. (IDCC) Correlation Distribution
Across 6,809 rolling correlation observations between InterDigital, Inc. (IDCC) and other NASDAQ-listed stocks, 39.8% are positive and 60.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.043, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,809
- Mean correlation
- -0.043
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.8%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Patent Owners & Lessors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 164 | 2.4% | |
| -0.8 to -0.7 | 163 | 2.4% | |
| -0.7 to -0.6 | 512 | 7.5% | |
| -0.6 to -0.5 | 512 | 7.5% | |
| -0.5 to -0.4 | 810 | 11.9% | |
| -0.4 to -0.3 | 810 | 11.9% | |
| -0.3 to -0.2 | 421 | 6.2% | |
| -0.2 to -0.1 | 420 | 6.2% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 281 | 4.1% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 268 | 3.9% | |
| 0.6 to 0.7 | 268 | 3.9% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 386 | 5.7% | |
| 0.9 to 1.0 | 192 | 2.8% |
Frequently asked questions
What is the average correlation of IDCC?
InterDigital, Inc. (IDCC) has an average correlation of about -0.043 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IDCC positively correlated with other stocks?
Not predominantly — 39.8% of pairs are positive and 60.2% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for IDCC?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.5% of all pairs.
Explore the full interactive correlation distribution for IDCC.
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