Nutanix, Inc. Class A Common Stock (NTNX) Correlation Distribution
Across 6,809 rolling correlation observations between Nutanix, Inc. Class A Common Stock (NTNX) and other NASDAQ-listed stocks, 42.7% are positive and 57.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 5.2%.
- Total observations
- 6,809
- Mean correlation
- -0.014
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.7%
- Strong positive (≥0.7)
- 13.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 175 | 2.6% | |
| -0.8 to -0.7 | 174 | 2.6% | |
| -0.7 to -0.6 | 404 | 5.9% | |
| -0.6 to -0.5 | 403 | 5.9% | |
| -0.5 to -0.4 | 718 | 10.5% | |
| -0.4 to -0.3 | 718 | 10.5% | |
| -0.3 to -0.2 | 494 | 7.3% | |
| -0.2 to -0.1 | 493 | 7.2% | |
| -0.1 to 0.0 | 317 | 4.7% | |
| 0.0 to 0.1 | 316 | 4.6% | |
| 0.1 to 0.2 | 261 | 3.8% | |
| 0.2 to 0.3 | 261 | 3.8% | |
| 0.3 to 0.4 | 263 | 3.9% | |
| 0.4 to 0.5 | 262 | 3.8% | |
| 0.5 to 0.6 | 308 | 4.5% | |
| 0.6 to 0.7 | 308 | 4.5% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 406 | 6.0% | |
| 0.9 to 1.0 | 117 | 1.7% |
Frequently asked questions
What is the average correlation of NTNX?
Nutanix, Inc. Class A Common Stock (NTNX) has an average correlation of about -0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NTNX positively correlated with other stocks?
Not predominantly — 42.7% of pairs are positive and 57.3% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for NTNX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for NTNX.
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