NerdWallet, Inc. Class A Common Stock (NRDS) Correlation Distribution
Across 6,796 rolling correlation observations between NerdWallet, Inc. Class A Common Stock (NRDS) and other NASDAQ-listed stocks, 77.9% are positive and 22.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.178, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,796
- Mean correlation
- 0.178
- Most common range
- 0.1 to 0.2
- Positive pairs
- 77.9%
- Strong positive (≥0.7)
- 0.1%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 5 | 0.1% | |
| -0.6 to -0.5 | 5 | 0.1% | |
| -0.5 to -0.4 | 59 | 0.9% | |
| -0.4 to -0.3 | 58 | 0.9% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 288 | 4.2% | |
| -0.1 to 0.0 | 799 | 11.8% | |
| 0.0 to 0.1 | 799 | 11.8% | |
| 0.1 to 0.2 | 1,205 | 17.7% | |
| 0.2 to 0.3 | 1,205 | 17.7% | |
| 0.3 to 0.4 | 881 | 13.0% | |
| 0.4 to 0.5 | 881 | 13.0% | |
| 0.5 to 0.6 | 158 | 2.3% | |
| 0.6 to 0.7 | 158 | 2.3% | |
| 0.7 to 0.8 | 3 | 0.0% | |
| 0.8 to 0.9 | 3 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NRDS?
NerdWallet, Inc. Class A Common Stock (NRDS) has an average correlation of about 0.178 with other NASDAQ stocks, based on 6,796 pairwise observations.
Is NRDS positively correlated with other stocks?
Mostly yes — 77.9% of pairs are positive and 22.1% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for NRDS?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 67.5% of all pairs.
Explore the full interactive correlation distribution for NRDS.
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