North American Construction Group Ltd. (NOA) Correlation Distribution
Across 6,809 rolling correlation observations between North American Construction Group Ltd. (NOA) and other NASDAQ-listed stocks, 40.2% are positive and 59.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.076, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 8.8% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,809
- Mean correlation
- -0.076
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.2%
- Strong positive (≥0.7)
- 8.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 167 | 2.5% | |
| -0.7 to -0.6 | 719 | 10.6% | |
| -0.6 to -0.5 | 718 | 10.5% | |
| -0.5 to -0.4 | 623 | 9.1% | |
| -0.4 to -0.3 | 622 | 9.1% | |
| -0.3 to -0.2 | 383 | 5.6% | |
| -0.2 to -0.1 | 383 | 5.6% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 290 | 4.3% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 374 | 5.5% | |
| 0.6 to 0.7 | 374 | 5.5% | |
| 0.7 to 0.8 | 297 | 4.4% | |
| 0.8 to 0.9 | 296 | 4.3% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of NOA?
North American Construction Group Ltd. (NOA) has an average correlation of about -0.076 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NOA positively correlated with other stocks?
Not predominantly — 40.2% of pairs are positive and 59.8% are negative. Strong positive correlations (≥0.7) make up 8.8%.
What is the most common correlation range for NOA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.3% of all pairs.
Explore the full interactive correlation distribution for NOA.
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