Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) Correlation Distribution
Across 6,809 rolling correlation observations between Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) and other NASDAQ-listed stocks, 78.8% are positive and 21.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.288, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.9% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.288
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.8%
- Strong positive (≥0.7)
- 6.9%
- Sector
- Water Transportation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 40 | 0.6% | |
| -0.6 to -0.5 | 40 | 0.6% | |
| -0.5 to -0.4 | 204 | 3.0% | |
| -0.4 to -0.3 | 204 | 3.0% | |
| -0.3 to -0.2 | 256 | 3.8% | |
| -0.2 to -0.1 | 256 | 3.8% | |
| -0.1 to 0.0 | 439 | 6.4% | |
| 0.0 to 0.1 | 438 | 6.4% | |
| 0.1 to 0.2 | 578 | 8.5% | |
| 0.2 to 0.3 | 577 | 8.5% | |
| 0.3 to 0.4 | 781 | 11.5% | |
| 0.4 to 0.5 | 780 | 11.5% | |
| 0.5 to 0.6 | 872 | 12.8% | |
| 0.6 to 0.7 | 872 | 12.8% | |
| 0.7 to 0.8 | 233 | 3.4% | |
| 0.8 to 0.9 | 233 | 3.4% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NCLH?
Norwegian Cruise Line Holdings Ltd. Ordinary Shares (NCLH) has an average correlation of about 0.288 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NCLH positively correlated with other stocks?
Mostly yes — 78.8% of pairs are positive and 21.2% are negative. Strong positive correlations (≥0.7) make up 6.9%.
What is the most common correlation range for NCLH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.4% of all pairs.
Explore the full interactive correlation distribution for NCLH.
Open interactive dashboard →