NPAB (NPAB) Correlation Distribution
Across 5,478 rolling correlation observations between NPAB (NPAB) and other NASDAQ-listed stocks, 38.6% are positive and 61.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 5,478
- Mean correlation
- -0.091
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.6%
- Strong positive (≥0.7)
- 11.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 180 | 3.3% | |
| -0.8 to -0.7 | 180 | 3.3% | |
| -0.7 to -0.6 | 653 | 11.9% | |
| -0.6 to -0.5 | 653 | 11.9% | |
| -0.5 to -0.4 | 451 | 8.2% | |
| -0.4 to -0.3 | 450 | 8.2% | |
| -0.3 to -0.2 | 291 | 5.3% | |
| -0.2 to -0.1 | 291 | 5.3% | |
| -0.1 to 0.0 | 216 | 3.9% | |
| 0.0 to 0.1 | 216 | 3.9% | |
| 0.1 to 0.2 | 186 | 3.4% | |
| 0.2 to 0.3 | 185 | 3.4% | |
| 0.3 to 0.4 | 172 | 3.1% | |
| 0.4 to 0.5 | 172 | 3.1% | |
| 0.5 to 0.6 | 269 | 4.9% | |
| 0.6 to 0.7 | 269 | 4.9% | |
| 0.7 to 0.8 | 322 | 5.9% | |
| 0.8 to 0.9 | 321 | 5.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NPAB?
NPAB (NPAB) has an average correlation of about -0.091 with other NASDAQ stocks, based on 5,478 pairwise observations.
Is NPAB positively correlated with other stocks?
Not predominantly — 38.6% of pairs are positive and 61.4% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for NPAB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for NPAB.
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