Maxeon Solar Technologies, Ltd. Ordinary Shares (MAXN) Correlation Distribution
Across 6,808 rolling correlation observations between Maxeon Solar Technologies, Ltd. Ordinary Shares (MAXN) and other NASDAQ-listed stocks, 61.3% are positive and 38.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.093, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,808
- Mean correlation
- 0.093
- Most common range
- 0.5 to 0.6
- Positive pairs
- 61.3%
- Strong positive (≥0.7)
- 5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 224 | 3.3% | |
| -0.8 to -0.7 | 223 | 3.3% | |
| -0.7 to -0.6 | 387 | 5.7% | |
| -0.6 to -0.5 | 386 | 5.7% | |
| -0.5 to -0.4 | 277 | 4.1% | |
| -0.4 to -0.3 | 276 | 4.1% | |
| -0.3 to -0.2 | 270 | 4.0% | |
| -0.2 to -0.1 | 270 | 4.0% | |
| -0.1 to 0.0 | 322 | 4.7% | |
| 0.0 to 0.1 | 321 | 4.7% | |
| 0.1 to 0.2 | 430 | 6.3% | |
| 0.2 to 0.3 | 430 | 6.3% | |
| 0.3 to 0.4 | 637 | 9.4% | |
| 0.4 to 0.5 | 636 | 9.3% | |
| 0.5 to 0.6 | 691 | 10.1% | |
| 0.6 to 0.7 | 690 | 10.1% | |
| 0.7 to 0.8 | 154 | 2.3% | |
| 0.8 to 0.9 | 154 | 2.3% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of MAXN?
Maxeon Solar Technologies, Ltd. Ordinary Shares (MAXN) has an average correlation of about 0.093 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is MAXN positively correlated with other stocks?
Mostly yes — 61.3% of pairs are positive and 38.7% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for MAXN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30% of all pairs.
Explore the full interactive correlation distribution for MAXN.
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