Locafy Limited Ordinary Share (LCFY) Correlation Distribution
Across 6,712 rolling correlation observations between Locafy Limited Ordinary Share (LCFY) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.218, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,712
- Mean correlation
- 0.218
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 13.3%
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 | 2 | 0.0% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 102 | 1.5% | |
| -0.5 to -0.4 | 462 | 6.9% | |
| -0.4 to -0.3 | 462 | 6.9% | |
| -0.3 to -0.2 | 414 | 6.2% | |
| -0.2 to -0.1 | 413 | 6.2% | |
| -0.1 to 0.0 | 319 | 4.8% | |
| 0.0 to 0.1 | 319 | 4.8% | |
| 0.1 to 0.2 | 381 | 5.7% | |
| 0.2 to 0.3 | 381 | 5.7% | |
| 0.3 to 0.4 | 553 | 8.2% | |
| 0.4 to 0.5 | 552 | 8.2% | |
| 0.5 to 0.6 | 679 | 10.1% | |
| 0.6 to 0.7 | 678 | 10.1% | |
| 0.7 to 0.8 | 427 | 6.4% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 37 | 0.6% |
Frequently asked questions
What is the average correlation of LCFY?
Locafy Limited Ordinary Share (LCFY) has an average correlation of about 0.218 with other NASDAQ stocks, based on 6,712 pairwise observations.
Is LCFY positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for LCFY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.2% of all pairs.
Explore the full interactive correlation distribution for LCFY.
Open interactive dashboard →