Nathan's Famous Inc (NATH) Correlation Distribution
Across 6,809 rolling correlation observations between Nathan's Famous Inc (NATH) and other NASDAQ-listed stocks, 39.1% are positive and 60.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.064, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.4% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.064
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.1%
- Strong positive (≥0.7)
- 8.4%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 600 | 8.8% | |
| -0.6 to -0.5 | 599 | 8.8% | |
| -0.5 to -0.4 | 836 | 12.3% | |
| -0.4 to -0.3 | 835 | 12.3% | |
| -0.3 to -0.2 | 425 | 6.2% | |
| -0.2 to -0.1 | 424 | 6.2% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 280 | 4.1% | |
| 0.1 to 0.2 | 252 | 3.7% | |
| 0.2 to 0.3 | 252 | 3.7% | |
| 0.3 to 0.4 | 272 | 4.0% | |
| 0.4 to 0.5 | 271 | 4.0% | |
| 0.5 to 0.6 | 383 | 5.6% | |
| 0.6 to 0.7 | 382 | 5.6% | |
| 0.7 to 0.8 | 286 | 4.2% | |
| 0.8 to 0.9 | 286 | 4.2% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NATH?
Nathan's Famous Inc (NATH) has an average correlation of about -0.064 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NATH positively correlated with other stocks?
Not predominantly — 39.1% of pairs are positive and 60.9% are negative. Strong positive correlations (≥0.7) make up 8.4%.
What is the most common correlation range for NATH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28.1% of all pairs.
Explore the full interactive correlation distribution for NATH.
Open interactive dashboard →