NRACU (NRACU) Correlation Distribution
Across 5,600 rolling correlation observations between NRACU (NRACU) and other NASDAQ-listed stocks, 30.6% are positive and 69.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.131, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 5,600
- Mean correlation
- -0.131
- Most common range
- -0.3 to -0.2
- Positive pairs
- 30.6%
- Strong positive (≥0.7)
- 2.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.6% | |
| -0.8 to -0.7 | 32 | 0.6% | |
| -0.7 to -0.6 | 290 | 5.2% | |
| -0.6 to -0.5 | 290 | 5.2% | |
| -0.5 to -0.4 | 670 | 12.0% | |
| -0.4 to -0.3 | 670 | 12.0% | |
| -0.3 to -0.2 | 697 | 12.4% | |
| -0.2 to -0.1 | 696 | 12.4% | |
| -0.1 to 0.0 | 510 | 9.1% | |
| 0.0 to 0.1 | 510 | 9.1% | |
| 0.1 to 0.2 | 254 | 4.5% | |
| 0.2 to 0.3 | 254 | 4.5% | |
| 0.3 to 0.4 | 161 | 2.9% | |
| 0.4 to 0.5 | 160 | 2.9% | |
| 0.5 to 0.6 | 122 | 2.2% | |
| 0.6 to 0.7 | 122 | 2.2% | |
| 0.7 to 0.8 | 65 | 1.2% | |
| 0.8 to 0.9 | 64 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NRACU?
NRACU (NRACU) has an average correlation of about -0.131 with other NASDAQ stocks, based on 5,600 pairwise observations.
Is NRACU positively correlated with other stocks?
Not predominantly — 30.6% of pairs are positive and 69.4% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for NRACU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.2% of all pairs.
Explore the full interactive correlation distribution for NRACU.
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