NFNT (NFNT) Correlation Distribution
Across 5,910 rolling correlation observations between NFNT (NFNT) and other NASDAQ-listed stocks, 29% are positive and 71% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.295, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.1% and strong negative correlations (≤−0.7) for 35.2%.
- Total observations
- 5,910
- Mean correlation
- -0.295
- Most common range
- -0.9 to -0.8
- Positive pairs
- 29%
- Strong positive (≥0.7)
- 10.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 243 | 4.1% | |
| -0.9 to -0.8 | 918 | 15.5% | |
| -0.8 to -0.7 | 918 | 15.5% | |
| -0.7 to -0.6 | 542 | 9.2% | |
| -0.6 to -0.5 | 541 | 9.2% | |
| -0.5 to -0.4 | 268 | 4.5% | |
| -0.4 to -0.3 | 267 | 4.5% | |
| -0.3 to -0.2 | 176 | 3.0% | |
| -0.2 to -0.1 | 176 | 3.0% | |
| -0.1 to 0.0 | 149 | 2.5% | |
| 0.0 to 0.1 | 148 | 2.5% | |
| 0.1 to 0.2 | 158 | 2.7% | |
| 0.2 to 0.3 | 158 | 2.7% | |
| 0.3 to 0.4 | 159 | 2.7% | |
| 0.4 to 0.5 | 159 | 2.7% | |
| 0.5 to 0.6 | 168 | 2.8% | |
| 0.6 to 0.7 | 167 | 2.8% | |
| 0.7 to 0.8 | 215 | 3.6% | |
| 0.8 to 0.9 | 215 | 3.6% | |
| 0.9 to 1.0 | 165 | 2.8% |
Frequently asked questions
What is the average correlation of NFNT?
NFNT (NFNT) has an average correlation of about -0.295 with other NASDAQ stocks, based on 5,910 pairwise observations.
Is NFNT positively correlated with other stocks?
Not predominantly — 29% of pairs are positive and 71% are negative. Strong positive correlations (≥0.7) make up 10.1%.
What is the most common correlation range for NFNT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.3% of all pairs.
Explore the full interactive correlation distribution for NFNT.
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