Nextdoor Holdings, Inc. (KIND) Correlation Distribution
Across 6,796 rolling correlation observations between Nextdoor Holdings, Inc. (KIND) and other NASDAQ-listed stocks, 72.4% are positive and 27.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.339, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,796
- Mean correlation
- 0.339
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.4%
- Strong positive (≥0.7)
- 32.2%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 143 | 2.1% | |
| -0.6 to -0.5 | 142 | 2.1% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 335 | 4.9% | |
| 0.2 to 0.3 | 335 | 4.9% | |
| 0.3 to 0.4 | 359 | 5.3% | |
| 0.4 to 0.5 | 358 | 5.3% | |
| 0.5 to 0.6 | 523 | 7.7% | |
| 0.6 to 0.7 | 522 | 7.7% | |
| 0.7 to 0.8 | 833 | 12.3% | |
| 0.8 to 0.9 | 832 | 12.2% | |
| 0.9 to 1.0 | 523 | 7.7% |
Frequently asked questions
What is the average correlation of KIND?
Nextdoor Holdings, Inc. (KIND) has an average correlation of about 0.339 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is KIND positively correlated with other stocks?
Mostly yes — 72.4% of pairs are positive and 27.6% are negative. Strong positive correlations (≥0.7) make up 32.2%.
What is the most common correlation range for KIND?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for KIND.
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