NWLI (NWLI) Correlation Distribution
Across 6,710 rolling correlation observations between NWLI (NWLI) and other NASDAQ-listed stocks, 33.5% are positive and 66.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.152, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 9.9%.
- Total observations
- 6,710
- Mean correlation
- -0.152
- Most common range
- -0.7 to -0.6
- Positive pairs
- 33.5%
- Strong positive (≥0.7)
- 11.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 43 | 0.6% | |
| -0.9 to -0.8 | 311 | 4.6% | |
| -0.8 to -0.7 | 310 | 4.6% | |
| -0.7 to -0.6 | 810 | 12.1% | |
| -0.6 to -0.5 | 809 | 12.1% | |
| -0.5 to -0.4 | 704 | 10.5% | |
| -0.4 to -0.3 | 704 | 10.5% | |
| -0.3 to -0.2 | 280 | 4.2% | |
| -0.2 to -0.1 | 280 | 4.2% | |
| -0.1 to 0.0 | 213 | 3.2% | |
| 0.0 to 0.1 | 213 | 3.2% | |
| 0.1 to 0.2 | 201 | 3.0% | |
| 0.2 to 0.3 | 200 | 3.0% | |
| 0.3 to 0.4 | 208 | 3.1% | |
| 0.4 to 0.5 | 207 | 3.1% | |
| 0.5 to 0.6 | 222 | 3.3% | |
| 0.6 to 0.7 | 221 | 3.3% | |
| 0.7 to 0.8 | 286 | 4.3% | |
| 0.8 to 0.9 | 285 | 4.2% | |
| 0.9 to 1.0 | 203 | 3.0% |
Frequently asked questions
What is the average correlation of NWLI?
NWLI (NWLI) has an average correlation of about -0.152 with other NASDAQ stocks, based on 6,710 pairwise observations.
Is NWLI positively correlated with other stocks?
Not predominantly — 33.5% of pairs are positive and 66.5% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for NWLI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for NWLI.
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