Northern Technologies International Corp. (NTIC) Correlation Distribution
Across 6,808 rolling correlation observations between Northern Technologies International Corp. (NTIC) and other NASDAQ-listed stocks, 77.6% are positive and 22.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.22, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.8% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,808
- Mean correlation
- 0.22
- Most common range
- 0.3 to 0.4
- Positive pairs
- 77.6%
- Strong positive (≥0.7)
- 1.8%
- Sector
- Coating, Engraving & Allied Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 3 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 14 | 0.2% | |
| -0.6 to -0.5 | 14 | 0.2% | |
| -0.5 to -0.4 | 98 | 1.4% | |
| -0.4 to -0.3 | 97 | 1.4% | |
| -0.3 to -0.2 | 310 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 674 | 9.9% | |
| 0.0 to 0.1 | 674 | 9.9% | |
| 0.1 to 0.2 | 878 | 12.9% | |
| 0.2 to 0.3 | 878 | 12.9% | |
| 0.3 to 0.4 | 920 | 13.5% | |
| 0.4 to 0.5 | 920 | 13.5% | |
| 0.5 to 0.6 | 446 | 6.6% | |
| 0.6 to 0.7 | 446 | 6.6% | |
| 0.7 to 0.8 | 62 | 0.9% | |
| 0.8 to 0.9 | 61 | 0.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NTIC?
Northern Technologies International Corp. (NTIC) has an average correlation of about 0.22 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NTIC positively correlated with other stocks?
Mostly yes — 77.6% of pairs are positive and 22.4% are negative. Strong positive correlations (≥0.7) make up 1.8%.
What is the most common correlation range for NTIC?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 54.7% of all pairs.
Explore the full interactive correlation distribution for NTIC.
Open interactive dashboard →