Nelnet, Inc. Class A (NNI) Correlation Distribution
Across 6,809 rolling correlation observations between Nelnet, Inc. Class A (NNI) and other NASDAQ-listed stocks, 40.5% are positive and 59.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.09, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.3% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,809
- Mean correlation
- -0.09
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.5%
- Strong positive (≥0.7)
- 13.3%
- Sector
- Personal Credit Institutions
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 393 | 5.8% | |
| -0.8 to -0.7 | 393 | 5.8% | |
| -0.7 to -0.6 | 733 | 10.8% | |
| -0.6 to -0.5 | 732 | 10.8% | |
| -0.5 to -0.4 | 509 | 7.5% | |
| -0.4 to -0.3 | 508 | 7.5% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 280 | 4.1% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 236 | 3.5% | |
| 0.2 to 0.3 | 235 | 3.5% | |
| 0.3 to 0.4 | 252 | 3.7% | |
| 0.4 to 0.5 | 252 | 3.7% | |
| 0.5 to 0.6 | 325 | 4.8% | |
| 0.6 to 0.7 | 324 | 4.8% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 432 | 6.3% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of NNI?
Nelnet, Inc. Class A (NNI) has an average correlation of about -0.09 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NNI positively correlated with other stocks?
Not predominantly — 40.5% of pairs are positive and 59.5% are negative. Strong positive correlations (≥0.7) make up 13.3%.
What is the most common correlation range for NNI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.7% of all pairs.
Explore the full interactive correlation distribution for NNI.
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