International Money Express, Inc. (IMXI) Correlation Distribution
Across 6,809 rolling correlation observations between International Money Express, Inc. (IMXI) and other NASDAQ-listed stocks, 34.5% are positive and 65.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.5 to -0.4
- Positive pairs
- 34.5%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 498 | 7.3% | |
| -0.6 to -0.5 | 498 | 7.3% | |
| -0.5 to -0.4 | 769 | 11.3% | |
| -0.4 to -0.3 | 768 | 11.3% | |
| -0.3 to -0.2 | 625 | 9.2% | |
| -0.2 to -0.1 | 624 | 9.2% | |
| -0.1 to 0.0 | 527 | 7.7% | |
| 0.0 to 0.1 | 526 | 7.7% | |
| 0.1 to 0.2 | 422 | 6.2% | |
| 0.2 to 0.3 | 421 | 6.2% | |
| 0.3 to 0.4 | 287 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 179 | 2.6% | |
| 0.6 to 0.7 | 178 | 2.6% | |
| 0.7 to 0.8 | 24 | 0.4% | |
| 0.8 to 0.9 | 23 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of IMXI?
International Money Express, Inc. (IMXI) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is IMXI positively correlated with other stocks?
Not predominantly — 34.5% of pairs are positive and 65.5% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for IMXI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 46.2% of all pairs.
Explore the full interactive correlation distribution for IMXI.
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