Innovative Eyewear, Inc. Series A Warrants 8/16/27 (LUCYW) Correlation Distribution
Across 6,071 rolling correlation observations between Innovative Eyewear, Inc. Series A Warrants 8/16/27 (LUCYW) and other NASDAQ-listed stocks, 53% are positive and 47% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,071
- Mean correlation
- 0.059
- Most common range
- -0.7 to -0.6
- Positive pairs
- 53%
- Strong positive (≥0.7)
- 12.5%
- Sector
- Ophthalmic Goods
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 94 | 1.5% | |
| -0.8 to -0.7 | 94 | 1.5% | |
| -0.7 to -0.6 | 593 | 9.8% | |
| -0.6 to -0.5 | 592 | 9.8% | |
| -0.5 to -0.4 | 341 | 5.6% | |
| -0.4 to -0.3 | 340 | 5.6% | |
| -0.3 to -0.2 | 266 | 4.4% | |
| -0.2 to -0.1 | 266 | 4.4% | |
| -0.1 to 0.0 | 268 | 4.4% | |
| 0.0 to 0.1 | 268 | 4.4% | |
| 0.1 to 0.2 | 244 | 4.0% | |
| 0.2 to 0.3 | 244 | 4.0% | |
| 0.3 to 0.4 | 322 | 5.3% | |
| 0.4 to 0.5 | 322 | 5.3% | |
| 0.5 to 0.6 | 531 | 8.7% | |
| 0.6 to 0.7 | 530 | 8.7% | |
| 0.7 to 0.8 | 377 | 6.2% | |
| 0.8 to 0.9 | 377 | 6.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of LUCYW?
Innovative Eyewear, Inc. Series A Warrants 8/16/27 (LUCYW) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,071 pairwise observations.
Is LUCYW positively correlated with other stocks?
Mostly yes — 53% of pairs are positive and 47% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for LUCYW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for LUCYW.
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