Nu Holdings Ltd. (NU) Correlation Distribution
Across 6,791 rolling correlation observations between Nu Holdings Ltd. (NU) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.042, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,791
- Mean correlation
- 0.042
- Most common range
- 0.7 to 0.8
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 16%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 222 | 3.3% | |
| -0.8 to -0.7 | 221 | 3.3% | |
| -0.7 to -0.6 | 423 | 6.2% | |
| -0.6 to -0.5 | 422 | 6.2% | |
| -0.5 to -0.4 | 470 | 6.9% | |
| -0.4 to -0.3 | 469 | 6.9% | |
| -0.3 to -0.2 | 405 | 6.0% | |
| -0.2 to -0.1 | 404 | 5.9% | |
| -0.1 to 0.0 | 360 | 5.3% | |
| 0.0 to 0.1 | 359 | 5.3% | |
| 0.1 to 0.2 | 306 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 298 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 370 | 5.4% | |
| 0.6 to 0.7 | 370 | 5.4% | |
| 0.7 to 0.8 | 502 | 7.4% | |
| 0.8 to 0.9 | 501 | 7.4% | |
| 0.9 to 1.0 | 83 | 1.2% |
Frequently asked questions
What is the average correlation of NU?
Nu Holdings Ltd. (NU) has an average correlation of about 0.042 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is NU positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 16%.
What is the most common correlation range for NU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for NU.
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