KRNL (KRNL) Correlation Distribution
Across 6,411 rolling correlation observations between KRNL (KRNL) and other NASDAQ-listed stocks, 28.1% are positive and 71.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.273, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.3% and strong negative correlations (≤−0.7) for 28%.
- Total observations
- 6,411
- Mean correlation
- -0.273
- Most common range
- -0.9 to -0.8
- Positive pairs
- 28.1%
- Strong positive (≥0.7)
- 12.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 130 | 2.0% | |
| -0.9 to -0.8 | 833 | 13.0% | |
| -0.8 to -0.7 | 833 | 13.0% | |
| -0.7 to -0.6 | 821 | 12.8% | |
| -0.6 to -0.5 | 820 | 12.8% | |
| -0.5 to -0.4 | 321 | 5.0% | |
| -0.4 to -0.3 | 320 | 5.0% | |
| -0.3 to -0.2 | 191 | 3.0% | |
| -0.2 to -0.1 | 191 | 3.0% | |
| -0.1 to 0.0 | 152 | 2.4% | |
| 0.0 to 0.1 | 151 | 2.4% | |
| 0.1 to 0.2 | 133 | 2.1% | |
| 0.2 to 0.3 | 132 | 2.1% | |
| 0.3 to 0.4 | 135 | 2.1% | |
| 0.4 to 0.5 | 134 | 2.1% | |
| 0.5 to 0.6 | 164 | 2.6% | |
| 0.6 to 0.7 | 163 | 2.5% | |
| 0.7 to 0.8 | 262 | 4.1% | |
| 0.8 to 0.9 | 262 | 4.1% | |
| 0.9 to 1.0 | 263 | 4.1% |
Frequently asked questions
What is the average correlation of KRNL?
KRNL (KRNL) has an average correlation of about -0.273 with other NASDAQ stocks, based on 6,411 pairwise observations.
Is KRNL positively correlated with other stocks?
Not predominantly — 28.1% of pairs are positive and 71.9% are negative. Strong positive correlations (≥0.7) make up 12.3%.
What is the most common correlation range for KRNL?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 14.8% of all pairs.
Explore the full interactive correlation distribution for KRNL.
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