New England Realty Associates Limited Partnership (NEN) Correlation Distribution
Across 6,459 rolling correlation observations between New England Realty Associates Limited Partnership (NEN) and other NASDAQ-listed stocks, 42.1% are positive and 57.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.105, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.3% and strong negative correlations (≤−0.7) for 13%.
- Total observations
- 6,459
- Mean correlation
- -0.105
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.1%
- Strong positive (≥0.7)
- 5.3%
- Sector
- Operators Of Apartment Buildings
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 415 | 6.4% | |
| -0.8 to -0.7 | 414 | 6.4% | |
| -0.7 to -0.6 | 558 | 8.6% | |
| -0.6 to -0.5 | 557 | 8.6% | |
| -0.5 to -0.4 | 415 | 6.4% | |
| -0.4 to -0.3 | 415 | 6.4% | |
| -0.3 to -0.2 | 324 | 5.0% | |
| -0.2 to -0.1 | 324 | 5.0% | |
| -0.1 to 0.0 | 308 | 4.8% | |
| 0.0 to 0.1 | 308 | 4.8% | |
| 0.1 to 0.2 | 302 | 4.7% | |
| 0.2 to 0.3 | 302 | 4.7% | |
| 0.3 to 0.4 | 383 | 5.9% | |
| 0.4 to 0.5 | 382 | 5.9% | |
| 0.5 to 0.6 | 350 | 5.4% | |
| 0.6 to 0.7 | 350 | 5.4% | |
| 0.7 to 0.8 | 171 | 2.6% | |
| 0.8 to 0.9 | 171 | 2.6% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NEN?
New England Realty Associates Limited Partnership (NEN) has an average correlation of about -0.105 with other NASDAQ stocks, based on 6,459 pairwise observations.
Is NEN positively correlated with other stocks?
Not predominantly — 42.1% of pairs are positive and 57.9% are negative. Strong positive correlations (≥0.7) make up 5.3%.
What is the most common correlation range for NEN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.9% of all pairs.
Explore the full interactive correlation distribution for NEN.
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