KTRA (KTRA) Correlation Distribution
Across 6,779 rolling correlation observations between KTRA (KTRA) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.307, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.8% and strong negative correlations (≤−0.7) for 6.9%.
- Total observations
- 6,779
- Mean correlation
- 0.307
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 39.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 230 | 3.4% | |
| -0.8 to -0.7 | 229 | 3.4% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 292 | 4.3% | |
| -0.5 to -0.4 | 237 | 3.5% | |
| -0.4 to -0.3 | 236 | 3.5% | |
| -0.3 to -0.2 | 203 | 3.0% | |
| -0.2 to -0.1 | 203 | 3.0% | |
| -0.1 to 0.0 | 182 | 2.7% | |
| 0.0 to 0.1 | 181 | 2.7% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 203 | 3.0% | |
| 0.3 to 0.4 | 281 | 4.1% | |
| 0.4 to 0.5 | 281 | 4.1% | |
| 0.5 to 0.6 | 408 | 6.0% | |
| 0.6 to 0.7 | 408 | 6.0% | |
| 0.7 to 0.8 | 937 | 13.8% | |
| 0.8 to 0.9 | 936 | 13.8% | |
| 0.9 to 1.0 | 827 | 12.2% |
Frequently asked questions
What is the average correlation of KTRA?
KTRA (KTRA) has an average correlation of about 0.307 with other NASDAQ stocks, based on 6,779 pairwise observations.
Is KTRA positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 39.8%.
What is the most common correlation range for KTRA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for KTRA.
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