NCAC (NCAC) Correlation Distribution
Across 5,230 rolling correlation observations between NCAC (NCAC) and other NASDAQ-listed stocks, 24.1% are positive and 75.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.122, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,230
- Mean correlation
- -0.122
- Most common range
- -0.3 to -0.2
- Positive pairs
- 24.1%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 10 | 0.2% | |
| -0.6 to -0.5 | 9 | 0.2% | |
| -0.5 to -0.4 | 258 | 4.9% | |
| -0.4 to -0.3 | 258 | 4.9% | |
| -0.3 to -0.2 | 1,443 | 27.6% | |
| -0.2 to -0.1 | 1,443 | 27.6% | |
| -0.1 to 0.0 | 548 | 10.5% | |
| 0.0 to 0.1 | 548 | 10.5% | |
| 0.1 to 0.2 | 322 | 6.2% | |
| 0.2 to 0.3 | 322 | 6.2% | |
| 0.3 to 0.4 | 33 | 0.6% | |
| 0.4 to 0.5 | 33 | 0.6% | |
| 0.5 to 0.6 | 1 | 0.0% | |
| 0.6 to 0.7 | 1 | 0.0% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NCAC?
NCAC (NCAC) has an average correlation of about -0.122 with other NASDAQ stocks, based on 5,230 pairwise observations.
Is NCAC positively correlated with other stocks?
Not predominantly — 24.1% of pairs are positive and 75.9% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for NCAC?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 88.5% of all pairs.
Explore the full interactive correlation distribution for NCAC.
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