Largo Inc. Common Shares (LGO) Correlation Distribution
Across 6,806 rolling correlation observations between Largo Inc. Common Shares (LGO) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.324, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 43.3% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,806
- Mean correlation
- 0.324
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 43.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 271 | 4.0% | |
| -0.8 to -0.7 | 271 | 4.0% | |
| -0.7 to -0.6 | 279 | 4.1% | |
| -0.6 to -0.5 | 278 | 4.1% | |
| -0.5 to -0.4 | 198 | 2.9% | |
| -0.4 to -0.3 | 197 | 2.9% | |
| -0.3 to -0.2 | 164 | 2.4% | |
| -0.2 to -0.1 | 163 | 2.4% | |
| -0.1 to 0.0 | 178 | 2.6% | |
| 0.0 to 0.1 | 177 | 2.6% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 235 | 3.5% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 401 | 5.9% | |
| 0.7 to 0.8 | 1,125 | 16.5% | |
| 0.8 to 0.9 | 1,124 | 16.5% | |
| 0.9 to 1.0 | 698 | 10.3% |
Frequently asked questions
What is the average correlation of LGO?
Largo Inc. Common Shares (LGO) has an average correlation of about 0.324 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is LGO positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 43.3%.
What is the most common correlation range for LGO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.8% of all pairs.
Explore the full interactive correlation distribution for LGO.
Open interactive dashboard →