Luminar Technologies, Inc. Class A Common Stock (LAZR) Correlation Distribution
Across 6,808 rolling correlation observations between Luminar Technologies, Inc. Class A Common Stock (LAZR) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 40.3% and strong negative correlations (≤−0.7) for 9%.
- Total observations
- 6,808
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 40.3%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 294 | 4.3% | |
| -0.8 to -0.7 | 293 | 4.3% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 201 | 3.0% | |
| -0.4 to -0.3 | 201 | 3.0% | |
| -0.3 to -0.2 | 182 | 2.7% | |
| -0.2 to -0.1 | 181 | 2.7% | |
| -0.1 to 0.0 | 171 | 2.5% | |
| 0.0 to 0.1 | 171 | 2.5% | |
| 0.1 to 0.2 | 192 | 2.8% | |
| 0.2 to 0.3 | 191 | 2.8% | |
| 0.3 to 0.4 | 257 | 3.8% | |
| 0.4 to 0.5 | 256 | 3.8% | |
| 0.5 to 0.6 | 431 | 6.3% | |
| 0.6 to 0.7 | 430 | 6.3% | |
| 0.7 to 0.8 | 1,039 | 15.3% | |
| 0.8 to 0.9 | 1,038 | 15.2% | |
| 0.9 to 1.0 | 664 | 9.8% |
Frequently asked questions
What is the average correlation of LAZR?
Luminar Technologies, Inc. Class A Common Stock (LAZR) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is LAZR positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 40.3%.
What is the most common correlation range for LAZR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16% of all pairs.
Explore the full interactive correlation distribution for LAZR.
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