National Storage Affiliates Trust (NSA) Correlation Distribution
Across 6,809 rolling correlation observations between National Storage Affiliates Trust (NSA) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.247, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.9% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.247
- Most common range
- 0.3 to 0.4
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 11.9%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 38 | 0.6% | |
| -0.8 to -0.7 | 38 | 0.6% | |
| -0.7 to -0.6 | 72 | 1.1% | |
| -0.6 to -0.5 | 71 | 1.0% | |
| -0.5 to -0.4 | 167 | 2.5% | |
| -0.4 to -0.3 | 167 | 2.5% | |
| -0.3 to -0.2 | 427 | 6.3% | |
| -0.2 to -0.1 | 427 | 6.3% | |
| -0.1 to 0.0 | 498 | 7.3% | |
| 0.0 to 0.1 | 497 | 7.3% | |
| 0.1 to 0.2 | 520 | 7.6% | |
| 0.2 to 0.3 | 520 | 7.6% | |
| 0.3 to 0.4 | 653 | 9.6% | |
| 0.4 to 0.5 | 653 | 9.6% | |
| 0.5 to 0.6 | 627 | 9.2% | |
| 0.6 to 0.7 | 626 | 9.2% | |
| 0.7 to 0.8 | 389 | 5.7% | |
| 0.8 to 0.9 | 389 | 5.7% | |
| 0.9 to 1.0 | 30 | 0.4% |
Frequently asked questions
What is the average correlation of NSA?
National Storage Affiliates Trust (NSA) has an average correlation of about 0.247 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NSA positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 11.9%.
What is the most common correlation range for NSA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 42.4% of all pairs.
Explore the full interactive correlation distribution for NSA.
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