LOCC (LOCC) Correlation Distribution
Across 6,082 rolling correlation observations between LOCC (LOCC) and other NASDAQ-listed stocks, 27.6% are positive and 72.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.28, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.3% and strong negative correlations (≤−0.7) for 26.6%.
- Total observations
- 6,082
- Mean correlation
- -0.28
- Most common range
- -0.7 to -0.6
- Positive pairs
- 27.6%
- Strong positive (≥0.7)
- 10.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 127 | 2.1% | |
| -0.9 to -0.8 | 745 | 12.2% | |
| -0.8 to -0.7 | 744 | 12.2% | |
| -0.7 to -0.6 | 763 | 12.5% | |
| -0.6 to -0.5 | 763 | 12.5% | |
| -0.5 to -0.4 | 360 | 5.9% | |
| -0.4 to -0.3 | 360 | 5.9% | |
| -0.3 to -0.2 | 197 | 3.2% | |
| -0.2 to -0.1 | 196 | 3.2% | |
| -0.1 to 0.0 | 150 | 2.5% | |
| 0.0 to 0.1 | 150 | 2.5% | |
| 0.1 to 0.2 | 161 | 2.6% | |
| 0.2 to 0.3 | 161 | 2.6% | |
| 0.3 to 0.4 | 142 | 2.3% | |
| 0.4 to 0.5 | 142 | 2.3% | |
| 0.5 to 0.6 | 149 | 2.4% | |
| 0.6 to 0.7 | 148 | 2.4% | |
| 0.7 to 0.8 | 201 | 3.3% | |
| 0.8 to 0.9 | 200 | 3.3% | |
| 0.9 to 1.0 | 223 | 3.7% |
Frequently asked questions
What is the average correlation of LOCC?
LOCC (LOCC) has an average correlation of about -0.28 with other NASDAQ stocks, based on 6,082 pairwise observations.
Is LOCC positively correlated with other stocks?
Not predominantly — 27.6% of pairs are positive and 72.4% are negative. Strong positive correlations (≥0.7) make up 10.3%.
What is the most common correlation range for LOCC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for LOCC.
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