Professional Diversity Network, Inc. (IPDN) Correlation Distribution
Across 6,808 rolling correlation observations between Professional Diversity Network, Inc. (IPDN) and other NASDAQ-listed stocks, 61.7% are positive and 38.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,808
- Mean correlation
- 0.1
- Most common range
- 0.3 to 0.4
- Positive pairs
- 61.7%
- Strong positive (≥0.7)
- 2.1%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 365 | 5.4% | |
| -0.6 to -0.5 | 364 | 5.3% | |
| -0.5 to -0.4 | 376 | 5.5% | |
| -0.4 to -0.3 | 375 | 5.5% | |
| -0.3 to -0.2 | 341 | 5.0% | |
| -0.2 to -0.1 | 341 | 5.0% | |
| -0.1 to 0.0 | 399 | 5.9% | |
| 0.0 to 0.1 | 398 | 5.8% | |
| 0.1 to 0.2 | 545 | 8.0% | |
| 0.2 to 0.3 | 545 | 8.0% | |
| 0.3 to 0.4 | 718 | 10.5% | |
| 0.4 to 0.5 | 717 | 10.5% | |
| 0.5 to 0.6 | 568 | 8.3% | |
| 0.6 to 0.7 | 567 | 8.3% | |
| 0.7 to 0.8 | 70 | 1.0% | |
| 0.8 to 0.9 | 69 | 1.0% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of IPDN?
Professional Diversity Network, Inc. (IPDN) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is IPDN positively correlated with other stocks?
Mostly yes — 61.7% of pairs are positive and 38.3% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for IPDN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 37.7% of all pairs.
Explore the full interactive correlation distribution for IPDN.
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