NR (NR) Correlation Distribution
Across 6,794 rolling correlation observations between NR (NR) and other NASDAQ-listed stocks, 37.3% are positive and 62.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.122, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.4% and strong negative correlations (≤−0.7) for 13%.
- Total observations
- 6,794
- Mean correlation
- -0.122
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.3%
- Strong positive (≥0.7)
- 15.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 431 | 6.3% | |
| -0.8 to -0.7 | 430 | 6.3% | |
| -0.7 to -0.6 | 869 | 12.8% | |
| -0.6 to -0.5 | 868 | 12.8% | |
| -0.5 to -0.4 | 465 | 6.8% | |
| -0.4 to -0.3 | 465 | 6.8% | |
| -0.3 to -0.2 | 250 | 3.7% | |
| -0.2 to -0.1 | 250 | 3.7% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 200 | 2.9% | |
| 0.4 to 0.5 | 200 | 2.9% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 415 | 6.1% | |
| 0.8 to 0.9 | 415 | 6.1% | |
| 0.9 to 1.0 | 213 | 3.1% |
Frequently asked questions
What is the average correlation of NR?
NR (NR) has an average correlation of about -0.122 with other NASDAQ stocks, based on 6,794 pairwise observations.
Is NR positively correlated with other stocks?
Not predominantly — 37.3% of pairs are positive and 62.7% are negative. Strong positive correlations (≥0.7) make up 15.4%.
What is the most common correlation range for NR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.3% of all pairs.
Explore the full interactive correlation distribution for NR.
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