KWESST Micro Systems Inc. Common Stock (KWE) Correlation Distribution
Across 6,336 rolling correlation observations between KWESST Micro Systems Inc. Common Stock (KWE) and other NASDAQ-listed stocks, 49.8% are positive and 50.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 19.6%.
- Total observations
- 6,336
- Mean correlation
- 0.017
- Most common range
- 0.7 to 0.8
- Positive pairs
- 49.8%
- Strong positive (≥0.7)
- 23.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 131 | 2.1% | |
| -0.9 to -0.8 | 555 | 8.8% | |
| -0.8 to -0.7 | 555 | 8.8% | |
| -0.7 to -0.6 | 375 | 5.9% | |
| -0.6 to -0.5 | 374 | 5.9% | |
| -0.5 to -0.4 | 287 | 4.5% | |
| -0.4 to -0.3 | 287 | 4.5% | |
| -0.3 to -0.2 | 219 | 3.5% | |
| -0.2 to -0.1 | 219 | 3.5% | |
| -0.1 to 0.0 | 177 | 2.8% | |
| 0.0 to 0.1 | 177 | 2.8% | |
| 0.1 to 0.2 | 198 | 3.1% | |
| 0.2 to 0.3 | 197 | 3.1% | |
| 0.3 to 0.4 | 201 | 3.2% | |
| 0.4 to 0.5 | 201 | 3.2% | |
| 0.5 to 0.6 | 351 | 5.5% | |
| 0.6 to 0.7 | 350 | 5.5% | |
| 0.7 to 0.8 | 605 | 9.5% | |
| 0.8 to 0.9 | 605 | 9.5% | |
| 0.9 to 1.0 | 272 | 4.3% |
Frequently asked questions
What is the average correlation of KWE?
KWESST Micro Systems Inc. Common Stock (KWE) has an average correlation of about 0.017 with other NASDAQ stocks, based on 6,336 pairwise observations.
Is KWE positively correlated with other stocks?
Not predominantly — 49.8% of pairs are positive and 50.2% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for KWE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.7% of all pairs.
Explore the full interactive correlation distribution for KWE.
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