NXGN (NXGN) Correlation Distribution
Across 6,381 rolling correlation observations between NXGN (NXGN) and other NASDAQ-listed stocks, 45.9% are positive and 54.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,381
- Mean correlation
- -0.012
- Most common range
- -0.3 to -0.2
- Positive pairs
- 45.9%
- Strong positive (≥0.7)
- 0.1%
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 | 82 | 1.3% | |
| -0.6 to -0.5 | 81 | 1.3% | |
| -0.5 to -0.4 | 635 | 10.0% | |
| -0.4 to -0.3 | 635 | 10.0% | |
| -0.3 to -0.2 | 717 | 11.2% | |
| -0.2 to -0.1 | 716 | 11.2% | |
| -0.1 to 0.0 | 580 | 9.1% | |
| 0.0 to 0.1 | 579 | 9.1% | |
| 0.1 to 0.2 | 491 | 7.7% | |
| 0.2 to 0.3 | 490 | 7.7% | |
| 0.3 to 0.4 | 496 | 7.8% | |
| 0.4 to 0.5 | 496 | 7.8% | |
| 0.5 to 0.6 | 187 | 2.9% | |
| 0.6 to 0.7 | 187 | 2.9% | |
| 0.7 to 0.8 | 2 | 0.0% | |
| 0.8 to 0.9 | 2 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of NXGN?
NXGN (NXGN) has an average correlation of about -0.012 with other NASDAQ stocks, based on 6,381 pairwise observations.
Is NXGN positively correlated with other stocks?
Not predominantly — 45.9% of pairs are positive and 54.1% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for NXGN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56% of all pairs.
Explore the full interactive correlation distribution for NXGN.
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