Lyft, Inc. Class A Common Stock (LYFT) Correlation Distribution
Across 6,809 rolling correlation observations between Lyft, Inc. Class A Common Stock (LYFT) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.325, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.325
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 37.2%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 39 | 0.6% | |
| -0.8 to -0.7 | 38 | 0.6% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 328 | 4.8% | |
| -0.4 to -0.3 | 328 | 4.8% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 281 | 4.1% | |
| -0.1 to 0.0 | 254 | 3.7% | |
| 0.0 to 0.1 | 254 | 3.7% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 296 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 435 | 6.4% | |
| 0.6 to 0.7 | 434 | 6.4% | |
| 0.7 to 0.8 | 959 | 14.1% | |
| 0.8 to 0.9 | 958 | 14.1% | |
| 0.9 to 1.0 | 615 | 9.0% |
Frequently asked questions
What is the average correlation of LYFT?
Lyft, Inc. Class A Common Stock (LYFT) has an average correlation of about 0.325 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is LYFT positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for LYFT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.8% of all pairs.
Explore the full interactive correlation distribution for LYFT.
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