INTL MEDIA ACQ CORP A (IMAQ) Correlation Distribution
Across 6,754 rolling correlation observations between INTL MEDIA ACQ CORP A (IMAQ) and other NASDAQ-listed stocks, 32.1% are positive and 67.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.225, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.2% and strong negative correlations (≤−0.7) for 21.2%.
- Total observations
- 6,754
- Mean correlation
- -0.225
- Most common range
- -0.7 to -0.6
- Positive pairs
- 32.1%
- Strong positive (≥0.7)
- 8.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 40 | 0.6% | |
| -0.9 to -0.8 | 697 | 10.3% | |
| -0.8 to -0.7 | 696 | 10.3% | |
| -0.7 to -0.6 | 836 | 12.4% | |
| -0.6 to -0.5 | 836 | 12.4% | |
| -0.5 to -0.4 | 386 | 5.7% | |
| -0.4 to -0.3 | 386 | 5.7% | |
| -0.3 to -0.2 | 251 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 206 | 3.1% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 220 | 3.3% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 228 | 3.4% | |
| 0.4 to 0.5 | 227 | 3.4% | |
| 0.5 to 0.6 | 259 | 3.8% | |
| 0.6 to 0.7 | 259 | 3.8% | |
| 0.7 to 0.8 | 210 | 3.1% | |
| 0.8 to 0.9 | 210 | 3.1% | |
| 0.9 to 1.0 | 133 | 2.0% |
Frequently asked questions
What is the average correlation of IMAQ?
INTL MEDIA ACQ CORP A (IMAQ) has an average correlation of about -0.225 with other NASDAQ stocks, based on 6,754 pairwise observations.
Is IMAQ positively correlated with other stocks?
Not predominantly — 32.1% of pairs are positive and 67.9% are negative. Strong positive correlations (≥0.7) make up 8.2%.
What is the most common correlation range for IMAQ?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for IMAQ.
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