NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) (NWG) Correlation Distribution
Across 6,808 rolling correlation observations between NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) (NWG) and other NASDAQ-listed stocks, 43.3% are positive and 56.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 1.7%.
- Total observations
- 6,808
- Mean correlation
- -0.006
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.3%
- Strong positive (≥0.7)
- 12.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 58 | 0.9% | |
| -0.8 to -0.7 | 58 | 0.9% | |
| -0.7 to -0.6 | 431 | 6.3% | |
| -0.6 to -0.5 | 430 | 6.3% | |
| -0.5 to -0.4 | 755 | 11.1% | |
| -0.4 to -0.3 | 754 | 11.1% | |
| -0.3 to -0.2 | 515 | 7.6% | |
| -0.2 to -0.1 | 514 | 7.5% | |
| -0.1 to 0.0 | 347 | 5.1% | |
| 0.0 to 0.1 | 347 | 5.1% | |
| 0.1 to 0.2 | 312 | 4.6% | |
| 0.2 to 0.3 | 312 | 4.6% | |
| 0.3 to 0.4 | 256 | 3.8% | |
| 0.4 to 0.5 | 256 | 3.8% | |
| 0.5 to 0.6 | 318 | 4.7% | |
| 0.6 to 0.7 | 317 | 4.7% | |
| 0.7 to 0.8 | 387 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of NWG?
NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) (NWG) has an average correlation of about -0.006 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is NWG positively correlated with other stocks?
Not predominantly — 43.3% of pairs are positive and 56.7% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for NWG?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 34.5% of all pairs.
Explore the full interactive correlation distribution for NWG.
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