Noodles & Company Class A (NDLS) Correlation Distribution
Across 6,809 rolling correlation observations between Noodles & Company Class A (NDLS) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.2% and strong negative correlations (≤−0.7) for 8.4%.
- Total observations
- 6,809
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 37.2%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 34 | 0.5% | |
| -0.9 to -0.8 | 270 | 4.0% | |
| -0.8 to -0.7 | 270 | 4.0% | |
| -0.7 to -0.6 | 295 | 4.3% | |
| -0.6 to -0.5 | 294 | 4.3% | |
| -0.5 to -0.4 | 208 | 3.1% | |
| -0.4 to -0.3 | 207 | 3.0% | |
| -0.3 to -0.2 | 186 | 2.7% | |
| -0.2 to -0.1 | 185 | 2.7% | |
| -0.1 to 0.0 | 190 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 215 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 261 | 3.8% | |
| 0.5 to 0.6 | 497 | 7.3% | |
| 0.6 to 0.7 | 497 | 7.3% | |
| 0.7 to 0.8 | 1,072 | 15.7% | |
| 0.8 to 0.9 | 1,071 | 15.7% | |
| 0.9 to 1.0 | 391 | 5.7% |
Frequently asked questions
What is the average correlation of NDLS?
Noodles & Company Class A (NDLS) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NDLS positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 37.2%.
What is the most common correlation range for NDLS?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.3% of all pairs.
Explore the full interactive correlation distribution for NDLS.
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