NM (NM) Correlation Distribution
Across 6,442 rolling correlation observations between NM (NM) and other NASDAQ-listed stocks, 80.4% are positive and 19.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.386, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 25% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,442
- Mean correlation
- 0.386
- Most common range
- 0.5 to 0.6
- Positive pairs
- 80.4%
- Strong positive (≥0.7)
- 25%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 96 | 1.5% | |
| -0.6 to -0.5 | 95 | 1.5% | |
| -0.5 to -0.4 | 161 | 2.5% | |
| -0.4 to -0.3 | 161 | 2.5% | |
| -0.3 to -0.2 | 240 | 3.7% | |
| -0.2 to -0.1 | 240 | 3.7% | |
| -0.1 to 0.0 | 245 | 3.8% | |
| 0.0 to 0.1 | 245 | 3.8% | |
| 0.1 to 0.2 | 338 | 5.2% | |
| 0.2 to 0.3 | 338 | 5.2% | |
| 0.3 to 0.4 | 465 | 7.2% | |
| 0.4 to 0.5 | 464 | 7.2% | |
| 0.5 to 0.6 | 862 | 13.4% | |
| 0.6 to 0.7 | 861 | 13.4% | |
| 0.7 to 0.8 | 755 | 11.7% | |
| 0.8 to 0.9 | 755 | 11.7% | |
| 0.9 to 1.0 | 98 | 1.5% |
Frequently asked questions
What is the average correlation of NM?
NM (NM) has an average correlation of about 0.386 with other NASDAQ stocks, based on 6,442 pairwise observations.
Is NM positively correlated with other stocks?
Mostly yes — 80.4% of pairs are positive and 19.6% are negative. Strong positive correlations (≥0.7) make up 25%.
What is the most common correlation range for NM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for NM.
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