JAQC (JAQC) Correlation Distribution
Across 5,929 rolling correlation observations between JAQC (JAQC) and other NASDAQ-listed stocks, 25.7% are positive and 74.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.242, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 5,929
- Mean correlation
- -0.242
- Most common range
- -0.7 to -0.6
- Positive pairs
- 25.7%
- Strong positive (≥0.7)
- 1.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 62 | 1.0% | |
| -0.8 to -0.7 | 62 | 1.0% | |
| -0.7 to -0.6 | 995 | 16.8% | |
| -0.6 to -0.5 | 994 | 16.8% | |
| -0.5 to -0.4 | 752 | 12.7% | |
| -0.4 to -0.3 | 752 | 12.7% | |
| -0.3 to -0.2 | 297 | 5.0% | |
| -0.2 to -0.1 | 297 | 5.0% | |
| -0.1 to 0.0 | 193 | 3.3% | |
| 0.0 to 0.1 | 192 | 3.2% | |
| 0.1 to 0.2 | 207 | 3.5% | |
| 0.2 to 0.3 | 207 | 3.5% | |
| 0.3 to 0.4 | 187 | 3.2% | |
| 0.4 to 0.5 | 187 | 3.2% | |
| 0.5 to 0.6 | 223 | 3.8% | |
| 0.6 to 0.7 | 222 | 3.7% | |
| 0.7 to 0.8 | 40 | 0.7% | |
| 0.8 to 0.9 | 40 | 0.7% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of JAQC?
JAQC (JAQC) has an average correlation of about -0.242 with other NASDAQ stocks, based on 5,929 pairwise observations.
Is JAQC positively correlated with other stocks?
Not predominantly — 25.7% of pairs are positive and 74.3% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for JAQC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.5% of all pairs.
Explore the full interactive correlation distribution for JAQC.
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