Local Bounti Corporation (LOCL) Correlation Distribution
Across 6,793 rolling correlation observations between Local Bounti Corporation (LOCL) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.275, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.6% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,793
- Mean correlation
- 0.275
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 33.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 157 | 2.3% | |
| -0.8 to -0.7 | 157 | 2.3% | |
| -0.7 to -0.6 | 306 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 308 | 4.5% | |
| -0.4 to -0.3 | 307 | 4.5% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 225 | 3.3% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 214 | 3.2% | |
| 0.2 to 0.3 | 213 | 3.1% | |
| 0.3 to 0.4 | 310 | 4.6% | |
| 0.4 to 0.5 | 310 | 4.6% | |
| 0.5 to 0.6 | 502 | 7.4% | |
| 0.6 to 0.7 | 501 | 7.4% | |
| 0.7 to 0.8 | 942 | 13.9% | |
| 0.8 to 0.9 | 942 | 13.9% | |
| 0.9 to 1.0 | 399 | 5.9% |
Frequently asked questions
What is the average correlation of LOCL?
Local Bounti Corporation (LOCL) has an average correlation of about 0.275 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is LOCL positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 33.6%.
What is the most common correlation range for LOCL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for LOCL.
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