Lightpath Technologies Inc (LPTH) Correlation Distribution
Across 6,809 rolling correlation observations between Lightpath Technologies Inc (LPTH) and other NASDAQ-listed stocks, 65% are positive and 35% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.186, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- 0.186
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65%
- Strong positive (≥0.7)
- 9.8%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 153 | 2.2% | |
| -0.6 to -0.5 | 153 | 2.2% | |
| -0.5 to -0.4 | 354 | 5.2% | |
| -0.4 to -0.3 | 354 | 5.2% | |
| -0.3 to -0.2 | 440 | 6.5% | |
| -0.2 to -0.1 | 439 | 6.4% | |
| -0.1 to 0.0 | 429 | 6.3% | |
| 0.0 to 0.1 | 429 | 6.3% | |
| 0.1 to 0.2 | 460 | 6.8% | |
| 0.2 to 0.3 | 459 | 6.7% | |
| 0.3 to 0.4 | 511 | 7.5% | |
| 0.4 to 0.5 | 510 | 7.5% | |
| 0.5 to 0.6 | 695 | 10.2% | |
| 0.6 to 0.7 | 694 | 10.2% | |
| 0.7 to 0.8 | 331 | 4.9% | |
| 0.8 to 0.9 | 330 | 4.8% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of LPTH?
Lightpath Technologies Inc (LPTH) has an average correlation of about 0.186 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LPTH positively correlated with other stocks?
Mostly yes — 65% of pairs are positive and 35% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for LPTH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 39% of all pairs.
Explore the full interactive correlation distribution for LPTH.
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