NDP (NDP) Correlation Distribution
Across 6,794 rolling correlation observations between NDP (NDP) and other NASDAQ-listed stocks, 38.3% are positive and 61.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.145, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 22.8%.
- Total observations
- 6,794
- Mean correlation
- -0.145
- Most common range
- -0.9 to -0.8
- Positive pairs
- 38.3%
- Strong positive (≥0.7)
- 11.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 59 | 0.9% | |
| -0.9 to -0.8 | 745 | 11.0% | |
| -0.8 to -0.7 | 744 | 11.0% | |
| -0.7 to -0.6 | 556 | 8.2% | |
| -0.6 to -0.5 | 556 | 8.2% | |
| -0.5 to -0.4 | 370 | 5.4% | |
| -0.4 to -0.3 | 370 | 5.4% | |
| -0.3 to -0.2 | 278 | 4.1% | |
| -0.2 to -0.1 | 277 | 4.1% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 209 | 3.1% | |
| 0.3 to 0.4 | 232 | 3.4% | |
| 0.4 to 0.5 | 232 | 3.4% | |
| 0.5 to 0.6 | 346 | 5.1% | |
| 0.6 to 0.7 | 346 | 5.1% | |
| 0.7 to 0.8 | 348 | 5.1% | |
| 0.8 to 0.9 | 347 | 5.1% | |
| 0.9 to 1.0 | 102 | 1.5% |
Frequently asked questions
What is the average correlation of NDP?
NDP (NDP) has an average correlation of about -0.145 with other NASDAQ stocks, based on 6,794 pairwise observations.
Is NDP positively correlated with other stocks?
Not predominantly — 38.3% of pairs are positive and 61.7% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for NDP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for NDP.
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