Lendway, Inc. Common Stock (DE) (LDWY) Correlation Distribution
Across 5,838 rolling correlation observations between Lendway, Inc. Common Stock (DE) (LDWY) and other NASDAQ-listed stocks, 47% are positive and 53% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.3% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 5,838
- Mean correlation
- -0.016
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47%
- Strong positive (≥0.7)
- 1.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 511 | 8.8% | |
| -0.6 to -0.5 | 511 | 8.8% | |
| -0.5 to -0.4 | 569 | 9.7% | |
| -0.4 to -0.3 | 569 | 9.7% | |
| -0.3 to -0.2 | 327 | 5.6% | |
| -0.2 to -0.1 | 327 | 5.6% | |
| -0.1 to 0.0 | 268 | 4.6% | |
| 0.0 to 0.1 | 267 | 4.6% | |
| 0.1 to 0.2 | 273 | 4.7% | |
| 0.2 to 0.3 | 272 | 4.7% | |
| 0.3 to 0.4 | 409 | 7.0% | |
| 0.4 to 0.5 | 409 | 7.0% | |
| 0.5 to 0.6 | 519 | 8.9% | |
| 0.6 to 0.7 | 519 | 8.9% | |
| 0.7 to 0.8 | 37 | 0.6% | |
| 0.8 to 0.9 | 36 | 0.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of LDWY?
Lendway, Inc. Common Stock (DE) (LDWY) has an average correlation of about -0.016 with other NASDAQ stocks, based on 5,838 pairwise observations.
Is LDWY positively correlated with other stocks?
Not predominantly — 47% of pairs are positive and 53% are negative. Strong positive correlations (≥0.7) make up 1.3%.
What is the most common correlation range for LDWY?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 29.7% of all pairs.
Explore the full interactive correlation distribution for LDWY.
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