Jiuzi Holdings, Inc. Ordinary Shares (JZXN) Correlation Distribution
Across 6,806 rolling correlation observations between Jiuzi Holdings, Inc. Ordinary Shares (JZXN) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.7% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,806
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 30.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 53 | 0.8% | |
| -0.7 to -0.6 | 178 | 2.6% | |
| -0.6 to -0.5 | 178 | 2.6% | |
| -0.5 to -0.4 | 326 | 4.8% | |
| -0.4 to -0.3 | 325 | 4.8% | |
| -0.3 to -0.2 | 271 | 4.0% | |
| -0.2 to -0.1 | 271 | 4.0% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 254 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 377 | 5.5% | |
| 0.4 to 0.5 | 376 | 5.5% | |
| 0.5 to 0.6 | 653 | 9.6% | |
| 0.6 to 0.7 | 653 | 9.6% | |
| 0.7 to 0.8 | 893 | 13.1% | |
| 0.8 to 0.9 | 892 | 13.1% | |
| 0.9 to 1.0 | 306 | 4.5% |
Frequently asked questions
What is the average correlation of JZXN?
Jiuzi Holdings, Inc. Ordinary Shares (JZXN) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is JZXN positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 30.7%.
What is the most common correlation range for JZXN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for JZXN.
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