AEye, Inc. Warrant (LIDRW) Correlation Distribution
Across 6,765 rolling correlation observations between AEye, Inc. Warrant (LIDRW) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% 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 36.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,765
- Mean correlation
- 0.318
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 36.4%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.8% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 284 | 4.2% | |
| -0.6 to -0.5 | 283 | 4.2% | |
| -0.5 to -0.4 | 308 | 4.6% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 245 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 218 | 3.2% | |
| 0.0 to 0.1 | 218 | 3.2% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 262 | 3.9% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 493 | 7.3% | |
| 0.6 to 0.7 | 492 | 7.3% | |
| 0.7 to 0.8 | 1,177 | 17.4% | |
| 0.8 to 0.9 | 1,176 | 17.4% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of LIDRW?
AEye, Inc. Warrant (LIDRW) has an average correlation of about 0.318 with other NASDAQ stocks, based on 6,765 pairwise observations.
Is LIDRW positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 36.4%.
What is the most common correlation range for LIDRW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.4% of all pairs.
Explore the full interactive correlation distribution for LIDRW.
Open interactive dashboard →