Ivanhoe Electric Inc. (IE) Correlation Distribution
Across 6,660 rolling correlation observations between Ivanhoe Electric Inc. (IE) and other NASDAQ-listed stocks, 47.8% are positive and 52.2% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.5% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,660
- Mean correlation
- -0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.8%
- Strong positive (≥0.7)
- 3.5%
- Sector
- Metal Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.5% | |
| -0.7 to -0.6 | 516 | 7.7% | |
| -0.6 to -0.5 | 516 | 7.7% | |
| -0.5 to -0.4 | 519 | 7.8% | |
| -0.4 to -0.3 | 519 | 7.8% | |
| -0.3 to -0.2 | 442 | 6.6% | |
| -0.2 to -0.1 | 441 | 6.6% | |
| -0.1 to 0.0 | 461 | 6.9% | |
| 0.0 to 0.1 | 461 | 6.9% | |
| 0.1 to 0.2 | 450 | 6.8% | |
| 0.2 to 0.3 | 449 | 6.7% | |
| 0.3 to 0.4 | 422 | 6.3% | |
| 0.4 to 0.5 | 421 | 6.3% | |
| 0.5 to 0.6 | 375 | 5.6% | |
| 0.6 to 0.7 | 375 | 5.6% | |
| 0.7 to 0.8 | 116 | 1.7% | |
| 0.8 to 0.9 | 116 | 1.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of IE?
Ivanhoe Electric Inc. (IE) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,660 pairwise observations.
Is IE positively correlated with other stocks?
Not predominantly — 47.8% of pairs are positive and 52.2% are negative. Strong positive correlations (≥0.7) make up 3.5%.
What is the most common correlation range for IE?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 40.6% of all pairs.
Explore the full interactive correlation distribution for IE.
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