NCS Multistage Holdings, Inc. (NCSM) Correlation Distribution
Across 6,772 rolling correlation observations between NCS Multistage Holdings, Inc. (NCSM) and other NASDAQ-listed stocks, 72.4% are positive and 27.6% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.191, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,772
- Mean correlation
- 0.191
- Most common range
- 0.1 to 0.2
- Positive pairs
- 72.4%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 57 | 0.8% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 79 | 1.2% | |
| -0.5 to -0.4 | 145 | 2.1% | |
| -0.4 to -0.3 | 145 | 2.1% | |
| -0.3 to -0.2 | 367 | 5.4% | |
| -0.2 to -0.1 | 367 | 5.4% | |
| -0.1 to 0.0 | 569 | 8.4% | |
| 0.0 to 0.1 | 568 | 8.4% | |
| 0.1 to 0.2 | 795 | 11.7% | |
| 0.2 to 0.3 | 795 | 11.7% | |
| 0.3 to 0.4 | 723 | 10.7% | |
| 0.4 to 0.5 | 723 | 10.7% | |
| 0.5 to 0.6 | 499 | 7.4% | |
| 0.6 to 0.7 | 499 | 7.4% | |
| 0.7 to 0.8 | 147 | 2.2% | |
| 0.8 to 0.9 | 147 | 2.2% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of NCSM?
NCS Multistage Holdings, Inc. (NCSM) has an average correlation of about 0.191 with other NASDAQ stocks, based on 6,772 pairwise observations.
Is NCSM positively correlated with other stocks?
Mostly yes — 72.4% of pairs are positive and 27.6% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for NCSM?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 51.1% of all pairs.
Explore the full interactive correlation distribution for NCSM.
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