IDT Corporation Class B (IDT) Correlation Distribution
Across 6,809 rolling correlation observations between IDT Corporation Class B (IDT) and other NASDAQ-listed stocks, 57.6% are positive and 42.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.119, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.119
- Most common range
- -0.3 to -0.2
- Positive pairs
- 57.6%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Telephone Communications (No Radiotelephone)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 42 | 0.6% | |
| -0.7 to -0.6 | 204 | 3.0% | |
| -0.6 to -0.5 | 203 | 3.0% | |
| -0.5 to -0.4 | 424 | 6.2% | |
| -0.4 to -0.3 | 423 | 6.2% | |
| -0.3 to -0.2 | 541 | 7.9% | |
| -0.2 to -0.1 | 540 | 7.9% | |
| -0.1 to 0.0 | 467 | 6.9% | |
| 0.0 to 0.1 | 466 | 6.8% | |
| 0.1 to 0.2 | 427 | 6.3% | |
| 0.2 to 0.3 | 427 | 6.3% | |
| 0.3 to 0.4 | 451 | 6.6% | |
| 0.4 to 0.5 | 451 | 6.6% | |
| 0.5 to 0.6 | 538 | 7.9% | |
| 0.6 to 0.7 | 537 | 7.9% | |
| 0.7 to 0.8 | 308 | 4.5% | |
| 0.8 to 0.9 | 308 | 4.5% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of IDT?
IDT Corporation Class B (IDT) has an average correlation of about 0.119 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IDT positively correlated with other stocks?
Mostly yes — 57.6% of pairs are positive and 42.4% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for IDT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 42.1% of all pairs.
Explore the full interactive correlation distribution for IDT.
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