Laser Photonics Corporation Common Stock (LASE) Correlation Distribution
Across 6,489 rolling correlation observations between Laser Photonics Corporation Common Stock (LASE) and other NASDAQ-listed stocks, 64.6% are positive and 35.4% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.119, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,489
- Mean correlation
- 0.119
- Most common range
- -0.1 to 0.0
- Positive pairs
- 64.6%
- Strong positive (≥0.7)
- 0.7%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 44 | 0.7% | |
| -0.6 to -0.5 | 44 | 0.7% | |
| -0.5 to -0.4 | 208 | 3.2% | |
| -0.4 to -0.3 | 208 | 3.2% | |
| -0.3 to -0.2 | 508 | 7.8% | |
| -0.2 to -0.1 | 508 | 7.8% | |
| -0.1 to 0.0 | 772 | 11.9% | |
| 0.0 to 0.1 | 772 | 11.9% | |
| 0.1 to 0.2 | 717 | 11.0% | |
| 0.2 to 0.3 | 716 | 11.0% | |
| 0.3 to 0.4 | 723 | 11.1% | |
| 0.4 to 0.5 | 723 | 11.1% | |
| 0.5 to 0.6 | 249 | 3.8% | |
| 0.6 to 0.7 | 248 | 3.8% | |
| 0.7 to 0.8 | 23 | 0.4% | |
| 0.8 to 0.9 | 23 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of LASE?
Laser Photonics Corporation Common Stock (LASE) has an average correlation of about 0.119 with other NASDAQ stocks, based on 6,489 pairwise observations.
Is LASE positively correlated with other stocks?
Mostly yes — 64.6% of pairs are positive and 35.4% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for LASE?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 61.5% of all pairs.
Explore the full interactive correlation distribution for LASE.
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