NBSE (NBSE) Correlation Distribution
Across 6,649 rolling correlation observations between NBSE (NBSE) and other NASDAQ-listed stocks, 64.6% are positive and 35.4% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.8% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,649
- Mean correlation
- 0.241
- Most common range
- 0.9 to 1.0
- Positive pairs
- 64.6%
- Strong positive (≥0.7)
- 35.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 65 | 1.0% | |
| -0.9 to -0.8 | 309 | 4.6% | |
| -0.8 to -0.7 | 309 | 4.6% | |
| -0.7 to -0.6 | 304 | 4.6% | |
| -0.6 to -0.5 | 303 | 4.6% | |
| -0.5 to -0.4 | 227 | 3.4% | |
| -0.4 to -0.3 | 226 | 3.4% | |
| -0.3 to -0.2 | 200 | 3.0% | |
| -0.2 to -0.1 | 200 | 3.0% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 208 | 3.1% | |
| 0.1 to 0.2 | 208 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 252 | 3.8% | |
| 0.4 to 0.5 | 251 | 3.8% | |
| 0.5 to 0.6 | 395 | 5.9% | |
| 0.6 to 0.7 | 395 | 5.9% | |
| 0.7 to 0.8 | 782 | 11.8% | |
| 0.8 to 0.9 | 781 | 11.7% | |
| 0.9 to 1.0 | 818 | 12.3% |
Frequently asked questions
What is the average correlation of NBSE?
NBSE (NBSE) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,649 pairwise observations.
Is NBSE positively correlated with other stocks?
Mostly yes — 64.6% of pairs are positive and 35.4% are negative. Strong positive correlations (≥0.7) make up 35.8%.
What is the most common correlation range for NBSE?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for NBSE.
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