Lifeway Foods Inc (LWAY) Correlation Distribution
Across 6,808 rolling correlation observations between Lifeway Foods Inc (LWAY) and other NASDAQ-listed stocks, 37.9% are positive and 62.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.082, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,808
- Mean correlation
- -0.082
- Most common range
- -0.5 to -0.4
- Positive pairs
- 37.9%
- Strong positive (≥0.7)
- 14%
- Sector
- Dairy Products
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 229 | 3.4% | |
| -0.8 to -0.7 | 229 | 3.4% | |
| -0.7 to -0.6 | 672 | 9.9% | |
| -0.6 to -0.5 | 671 | 9.9% | |
| -0.5 to -0.4 | 769 | 11.3% | |
| -0.4 to -0.3 | 768 | 11.3% | |
| -0.3 to -0.2 | 330 | 4.8% | |
| -0.2 to -0.1 | 329 | 4.8% | |
| -0.1 to 0.0 | 230 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 221 | 3.2% | |
| 0.4 to 0.5 | 220 | 3.2% | |
| 0.5 to 0.6 | 273 | 4.0% | |
| 0.6 to 0.7 | 272 | 4.0% | |
| 0.7 to 0.8 | 421 | 6.2% | |
| 0.8 to 0.9 | 420 | 6.2% | |
| 0.9 to 1.0 | 112 | 1.6% |
Frequently asked questions
What is the average correlation of LWAY?
Lifeway Foods Inc (LWAY) has an average correlation of about -0.082 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is LWAY positively correlated with other stocks?
Not predominantly — 37.9% of pairs are positive and 62.1% are negative. Strong positive correlations (≥0.7) make up 14%.
What is the most common correlation range for LWAY?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for LWAY.
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