ITCI (ITCI) Correlation Distribution
Across 6,806 rolling correlation observations between ITCI (ITCI) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,806
- Mean correlation
- -0.1
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 12.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 294 | 4.3% | |
| -0.8 to -0.7 | 294 | 4.3% | |
| -0.7 to -0.6 | 864 | 12.7% | |
| -0.6 to -0.5 | 863 | 12.7% | |
| -0.5 to -0.4 | 508 | 7.5% | |
| -0.4 to -0.3 | 507 | 7.4% | |
| -0.3 to -0.2 | 295 | 4.3% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 237 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 318 | 4.7% | |
| 0.7 to 0.8 | 411 | 6.0% | |
| 0.8 to 0.9 | 410 | 6.0% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of ITCI?
ITCI (ITCI) has an average correlation of about -0.1 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ITCI positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for ITCI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.3% of all pairs.
Explore the full interactive correlation distribution for ITCI.
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