LUXURBAN HOTELS INC (LUXH) Correlation Distribution
Across 6,402 rolling correlation observations between LUXURBAN HOTELS INC (LUXH) and other NASDAQ-listed stocks, 43.8% are positive and 56.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.105, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.9% and strong negative correlations (≤−0.7) for 12.6%.
- Total observations
- 6,402
- Mean correlation
- -0.105
- Most common range
- -0.7 to -0.6
- Positive pairs
- 43.8%
- Strong positive (≥0.7)
- 3.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 401 | 6.3% | |
| -0.8 to -0.7 | 401 | 6.3% | |
| -0.7 to -0.6 | 597 | 9.3% | |
| -0.6 to -0.5 | 597 | 9.3% | |
| -0.5 to -0.4 | 370 | 5.8% | |
| -0.4 to -0.3 | 369 | 5.8% | |
| -0.3 to -0.2 | 288 | 4.5% | |
| -0.2 to -0.1 | 287 | 4.5% | |
| -0.1 to 0.0 | 286 | 4.5% | |
| 0.0 to 0.1 | 285 | 4.5% | |
| 0.1 to 0.2 | 373 | 5.8% | |
| 0.2 to 0.3 | 373 | 5.8% | |
| 0.3 to 0.4 | 415 | 6.5% | |
| 0.4 to 0.5 | 415 | 6.5% | |
| 0.5 to 0.6 | 348 | 5.4% | |
| 0.6 to 0.7 | 348 | 5.4% | |
| 0.7 to 0.8 | 123 | 1.9% | |
| 0.8 to 0.9 | 122 | 1.9% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of LUXH?
LUXURBAN HOTELS INC (LUXH) has an average correlation of about -0.105 with other NASDAQ stocks, based on 6,402 pairwise observations.
Is LUXH positively correlated with other stocks?
Not predominantly — 43.8% of pairs are positive and 56.2% are negative. Strong positive correlations (≥0.7) make up 3.9%.
What is the most common correlation range for LUXH?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29.6% of all pairs.
Explore the full interactive correlation distribution for LUXH.
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