Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) Correlation Distribution
Across 6,809 rolling correlation observations between Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) and other NASDAQ-listed stocks, 74.7% are positive and 25.3% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.21, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.21
- Most common range
- 0.1 to 0.2
- Positive pairs
- 74.7%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 89 | 1.3% | |
| -0.6 to -0.5 | 89 | 1.3% | |
| -0.5 to -0.4 | 149 | 2.2% | |
| -0.4 to -0.3 | 148 | 2.2% | |
| -0.3 to -0.2 | 310 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 593 | 8.7% | |
| 0.0 to 0.1 | 593 | 8.7% | |
| 0.1 to 0.2 | 797 | 11.7% | |
| 0.2 to 0.3 | 797 | 11.7% | |
| 0.3 to 0.4 | 787 | 11.6% | |
| 0.4 to 0.5 | 787 | 11.6% | |
| 0.5 to 0.6 | 504 | 7.4% | |
| 0.6 to 0.7 | 504 | 7.4% | |
| 0.7 to 0.8 | 157 | 2.3% | |
| 0.8 to 0.9 | 157 | 2.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of NET?
Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) has an average correlation of about 0.21 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NET positively correlated with other stocks?
Mostly yes — 74.7% of pairs are positive and 25.3% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for NET?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 49.9% of all pairs.
Explore the full interactive correlation distribution for NET.
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