Nerdy Inc. (NRDY) Correlation Distribution
Across 6,802 rolling correlation observations between Nerdy Inc. (NRDY) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.256, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,802
- Mean correlation
- 0.256
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 21.2%
- Sector
- Services-Educational Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 34 | 0.5% | |
| -0.8 to -0.7 | 34 | 0.5% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 355 | 5.2% | |
| -0.4 to -0.3 | 355 | 5.2% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 263 | 3.9% | |
| 0.0 to 0.1 | 262 | 3.9% | |
| 0.1 to 0.2 | 321 | 4.7% | |
| 0.2 to 0.3 | 321 | 4.7% | |
| 0.3 to 0.4 | 432 | 6.4% | |
| 0.4 to 0.5 | 431 | 6.3% | |
| 0.5 to 0.6 | 730 | 10.7% | |
| 0.6 to 0.7 | 729 | 10.7% | |
| 0.7 to 0.8 | 715 | 10.5% | |
| 0.8 to 0.9 | 714 | 10.5% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of NRDY?
Nerdy Inc. (NRDY) has an average correlation of about 0.256 with other NASDAQ stocks, based on 6,802 pairwise observations.
Is NRDY positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 21.2%.
What is the most common correlation range for NRDY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for NRDY.
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