NBW (NBW) Correlation Distribution
Across 6,344 rolling correlation observations between NBW (NBW) and other NASDAQ-listed stocks, 74.8% are positive and 25.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.368, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.6% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,344
- Mean correlation
- 0.368
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.8%
- Strong positive (≥0.7)
- 39.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 139 | 2.2% | |
| -0.8 to -0.7 | 138 | 2.2% | |
| -0.7 to -0.6 | 233 | 3.7% | |
| -0.6 to -0.5 | 232 | 3.7% | |
| -0.5 to -0.4 | 159 | 2.5% | |
| -0.4 to -0.3 | 158 | 2.5% | |
| -0.3 to -0.2 | 174 | 2.7% | |
| -0.2 to -0.1 | 173 | 2.7% | |
| -0.1 to 0.0 | 189 | 3.0% | |
| 0.0 to 0.1 | 188 | 3.0% | |
| 0.1 to 0.2 | 208 | 3.3% | |
| 0.2 to 0.3 | 207 | 3.3% | |
| 0.3 to 0.4 | 306 | 4.8% | |
| 0.4 to 0.5 | 305 | 4.8% | |
| 0.5 to 0.6 | 509 | 8.0% | |
| 0.6 to 0.7 | 509 | 8.0% | |
| 0.7 to 0.8 | 955 | 15.1% | |
| 0.8 to 0.9 | 955 | 15.1% | |
| 0.9 to 1.0 | 601 | 9.5% |
Frequently asked questions
What is the average correlation of NBW?
NBW (NBW) has an average correlation of about 0.368 with other NASDAQ stocks, based on 6,344 pairwise observations.
Is NBW positively correlated with other stocks?
Mostly yes — 74.8% of pairs are positive and 25.2% are negative. Strong positive correlations (≥0.7) make up 39.6%.
What is the most common correlation range for NBW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18% of all pairs.
Explore the full interactive correlation distribution for NBW.
Open interactive dashboard →