Nouveau Monde Graphite Inc. (NMG) Correlation Distribution
Across 6,806 rolling correlation observations between Nouveau Monde Graphite Inc. (NMG) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.5% and strong negative correlations (≤−0.7) for 9.5%.
- Total observations
- 6,806
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 37.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 49 | 0.7% | |
| -0.9 to -0.8 | 298 | 4.4% | |
| -0.8 to -0.7 | 297 | 4.4% | |
| -0.7 to -0.6 | 274 | 4.0% | |
| -0.6 to -0.5 | 273 | 4.0% | |
| -0.5 to -0.4 | 197 | 2.9% | |
| -0.4 to -0.3 | 197 | 2.9% | |
| -0.3 to -0.2 | 165 | 2.4% | |
| -0.2 to -0.1 | 165 | 2.4% | |
| -0.1 to 0.0 | 181 | 2.7% | |
| 0.0 to 0.1 | 180 | 2.6% | |
| 0.1 to 0.2 | 194 | 2.9% | |
| 0.2 to 0.3 | 193 | 2.8% | |
| 0.3 to 0.4 | 266 | 3.9% | |
| 0.4 to 0.5 | 265 | 3.9% | |
| 0.5 to 0.6 | 530 | 7.8% | |
| 0.6 to 0.7 | 530 | 7.8% | |
| 0.7 to 0.8 | 1,189 | 17.5% | |
| 0.8 to 0.9 | 1,188 | 17.5% | |
| 0.9 to 1.0 | 175 | 2.6% |
Frequently asked questions
What is the average correlation of NMG?
Nouveau Monde Graphite Inc. (NMG) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is NMG positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 37.5%.
What is the most common correlation range for NMG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.8% of all pairs.
Explore the full interactive correlation distribution for NMG.
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