NBO (NBO) Correlation Distribution
Across 6,337 rolling correlation observations between NBO (NBO) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.378, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 40.9% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,337
- Mean correlation
- 0.378
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 40.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 130 | 2.1% | |
| -0.8 to -0.7 | 129 | 2.0% | |
| -0.7 to -0.6 | 231 | 3.6% | |
| -0.6 to -0.5 | 231 | 3.6% | |
| -0.5 to -0.4 | 166 | 2.6% | |
| -0.4 to -0.3 | 166 | 2.6% | |
| -0.3 to -0.2 | 165 | 2.6% | |
| -0.2 to -0.1 | 164 | 2.6% | |
| -0.1 to 0.0 | 191 | 3.0% | |
| 0.0 to 0.1 | 190 | 3.0% | |
| 0.1 to 0.2 | 204 | 3.2% | |
| 0.2 to 0.3 | 204 | 3.2% | |
| 0.3 to 0.4 | 290 | 4.6% | |
| 0.4 to 0.5 | 289 | 4.6% | |
| 0.5 to 0.6 | 493 | 7.8% | |
| 0.6 to 0.7 | 493 | 7.8% | |
| 0.7 to 0.8 | 938 | 14.8% | |
| 0.8 to 0.9 | 937 | 14.8% | |
| 0.9 to 1.0 | 718 | 11.3% |
Frequently asked questions
What is the average correlation of NBO?
NBO (NBO) has an average correlation of about 0.378 with other NASDAQ stocks, based on 6,337 pairwise observations.
Is NBO positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 40.9%.
What is the most common correlation range for NBO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for NBO.
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