Integrated Media Technology Limited Ordinary Shares (IMTE) Correlation Distribution
Across 6,808 rolling correlation observations between Integrated Media Technology Limited Ordinary Shares (IMTE) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.214, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,808
- Mean correlation
- 0.214
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 222 | 3.3% | |
| -0.6 to -0.5 | 222 | 3.3% | |
| -0.5 to -0.4 | 400 | 5.9% | |
| -0.4 to -0.3 | 399 | 5.9% | |
| -0.3 to -0.2 | 279 | 4.1% | |
| -0.2 to -0.1 | 279 | 4.1% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 263 | 3.9% | |
| 0.1 to 0.2 | 329 | 4.8% | |
| 0.2 to 0.3 | 328 | 4.8% | |
| 0.3 to 0.4 | 701 | 10.3% | |
| 0.4 to 0.5 | 701 | 10.3% | |
| 0.5 to 0.6 | 1,018 | 15.0% | |
| 0.6 to 0.7 | 1,017 | 14.9% | |
| 0.7 to 0.8 | 163 | 2.4% | |
| 0.8 to 0.9 | 163 | 2.4% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of IMTE?
Integrated Media Technology Limited Ordinary Shares (IMTE) has an average correlation of about 0.214 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is IMTE positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for IMTE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for IMTE.
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