IFIN (IFIN) Correlation Distribution
Across 6,233 rolling correlation observations between IFIN (IFIN) and other NASDAQ-listed stocks, 33.7% are positive and 66.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.195, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 19.3%.
- Total observations
- 6,233
- Mean correlation
- -0.195
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.7%
- Strong positive (≥0.7)
- 8.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 29 | 0.5% | |
| -0.9 to -0.8 | 589 | 9.4% | |
| -0.8 to -0.7 | 588 | 9.4% | |
| -0.7 to -0.6 | 729 | 11.7% | |
| -0.6 to -0.5 | 728 | 11.7% | |
| -0.5 to -0.4 | 393 | 6.3% | |
| -0.4 to -0.3 | 393 | 6.3% | |
| -0.3 to -0.2 | 247 | 4.0% | |
| -0.2 to -0.1 | 246 | 3.9% | |
| -0.1 to 0.0 | 191 | 3.1% | |
| 0.0 to 0.1 | 191 | 3.1% | |
| 0.1 to 0.2 | 177 | 2.8% | |
| 0.2 to 0.3 | 177 | 2.8% | |
| 0.3 to 0.4 | 212 | 3.4% | |
| 0.4 to 0.5 | 212 | 3.4% | |
| 0.5 to 0.6 | 291 | 4.7% | |
| 0.6 to 0.7 | 290 | 4.7% | |
| 0.7 to 0.8 | 240 | 3.9% | |
| 0.8 to 0.9 | 239 | 3.8% | |
| 0.9 to 1.0 | 71 | 1.1% |
Frequently asked questions
What is the average correlation of IFIN?
IFIN (IFIN) has an average correlation of about -0.195 with other NASDAQ stocks, based on 6,233 pairwise observations.
Is IFIN positively correlated with other stocks?
Not predominantly — 33.7% of pairs are positive and 66.3% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for IFIN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for IFIN.
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