Newegg Commerce, Inc. Common Shares (NEGG) Correlation Distribution
Across 6,806 rolling correlation observations between Newegg Commerce, Inc. Common Shares (NEGG) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.341, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.8% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,806
- Mean correlation
- 0.341
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 37.8%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 77 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 241 | 3.5% | |
| -0.6 to -0.5 | 240 | 3.5% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 226 | 3.3% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 217 | 3.2% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 314 | 4.6% | |
| 0.5 to 0.6 | 523 | 7.7% | |
| 0.6 to 0.7 | 523 | 7.7% | |
| 0.7 to 0.8 | 1,160 | 17.0% | |
| 0.8 to 0.9 | 1,159 | 17.0% | |
| 0.9 to 1.0 | 254 | 3.7% |
Frequently asked questions
What is the average correlation of NEGG?
Newegg Commerce, Inc. Common Shares (NEGG) has an average correlation of about 0.341 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NEGG positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 37.8%.
What is the most common correlation range for NEGG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for NEGG.
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