loanDepot, Inc. (LDI) Correlation Distribution
Across 6,806 rolling correlation observations between loanDepot, Inc. (LDI) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.318, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,806
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 30.2%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 142 | 2.1% | |
| -0.6 to -0.5 | 141 | 2.1% | |
| -0.5 to -0.4 | 321 | 4.7% | |
| -0.4 to -0.3 | 321 | 4.7% | |
| -0.3 to -0.2 | 356 | 5.2% | |
| -0.2 to -0.1 | 355 | 5.2% | |
| -0.1 to 0.0 | 322 | 4.7% | |
| 0.0 to 0.1 | 322 | 4.7% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 358 | 5.3% | |
| 0.4 to 0.5 | 357 | 5.2% | |
| 0.5 to 0.6 | 554 | 8.1% | |
| 0.6 to 0.7 | 553 | 8.1% | |
| 0.7 to 0.8 | 768 | 11.3% | |
| 0.8 to 0.9 | 767 | 11.3% | |
| 0.9 to 1.0 | 521 | 7.7% |
Frequently asked questions
What is the average correlation of LDI?
loanDepot, Inc. (LDI) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is LDI positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 30.2%.
What is the most common correlation range for LDI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.4% of all pairs.
Explore the full interactive correlation distribution for LDI.
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