Innovative Eyewear, Inc. Common Stock (LUCY) Correlation Distribution
Across 6,603 rolling correlation observations between Innovative Eyewear, Inc. Common Stock (LUCY) and other NASDAQ-listed stocks, 55.2% are positive and 44.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.089, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,603
- Mean correlation
- 0.089
- Most common range
- 0.5 to 0.6
- Positive pairs
- 55.2%
- Strong positive (≥0.7)
- 13.7%
- Sector
- Ophthalmic Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 79 | 1.2% | |
| -0.8 to -0.7 | 78 | 1.2% | |
| -0.7 to -0.6 | 567 | 8.6% | |
| -0.6 to -0.5 | 567 | 8.6% | |
| -0.5 to -0.4 | 395 | 6.0% | |
| -0.4 to -0.3 | 395 | 6.0% | |
| -0.3 to -0.2 | 298 | 4.5% | |
| -0.2 to -0.1 | 298 | 4.5% | |
| -0.1 to 0.0 | 282 | 4.3% | |
| 0.0 to 0.1 | 281 | 4.3% | |
| 0.1 to 0.2 | 292 | 4.4% | |
| 0.2 to 0.3 | 291 | 4.4% | |
| 0.3 to 0.4 | 345 | 5.2% | |
| 0.4 to 0.5 | 345 | 5.2% | |
| 0.5 to 0.6 | 594 | 9.0% | |
| 0.6 to 0.7 | 593 | 9.0% | |
| 0.7 to 0.8 | 449 | 6.8% | |
| 0.8 to 0.9 | 449 | 6.8% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of LUCY?
Innovative Eyewear, Inc. Common Stock (LUCY) has an average correlation of about 0.089 with other NASDAQ stocks, based on 6,603 pairwise observations.
Is LUCY positively correlated with other stocks?
Mostly yes — 55.2% of pairs are positive and 44.8% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for LUCY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for LUCY.
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