Lesaka Technologies, Inc. Common Stock (LSAK) Correlation Distribution
Across 6,689 rolling correlation observations between Lesaka Technologies, Inc. Common Stock (LSAK) and other NASDAQ-listed stocks, 67.8% are positive and 32.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.146, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,689
- Mean correlation
- 0.146
- Most common range
- 0.3 to 0.4
- Positive pairs
- 67.8%
- Strong positive (≥0.7)
- 1.5%
- Sector
- Functions Related To Depository Banking, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 107 | 1.6% | |
| -0.6 to -0.5 | 107 | 1.6% | |
| -0.5 to -0.4 | 272 | 4.1% | |
| -0.4 to -0.3 | 272 | 4.1% | |
| -0.3 to -0.2 | 407 | 6.1% | |
| -0.2 to -0.1 | 406 | 6.1% | |
| -0.1 to 0.0 | 571 | 8.5% | |
| 0.0 to 0.1 | 571 | 8.5% | |
| 0.1 to 0.2 | 734 | 11.0% | |
| 0.2 to 0.3 | 734 | 11.0% | |
| 0.3 to 0.4 | 782 | 11.7% | |
| 0.4 to 0.5 | 781 | 11.7% | |
| 0.5 to 0.6 | 414 | 6.2% | |
| 0.6 to 0.7 | 414 | 6.2% | |
| 0.7 to 0.8 | 52 | 0.8% | |
| 0.8 to 0.9 | 51 | 0.8% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of LSAK?
Lesaka Technologies, Inc. Common Stock (LSAK) has an average correlation of about 0.146 with other NASDAQ stocks, based on 6,689 pairwise observations.
Is LSAK positively correlated with other stocks?
Mostly yes — 67.8% of pairs are positive and 32.2% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for LSAK?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 51.2% of all pairs.
Explore the full interactive correlation distribution for LSAK.
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