Nexalin Technology, Inc. Common Stock (NXL) Correlation Distribution
Across 6,521 rolling correlation observations between Nexalin Technology, Inc. Common Stock (NXL) and other NASDAQ-listed stocks, 57.7% are positive and 42.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.105, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,521
- Mean correlation
- 0.105
- Most common range
- 0.5 to 0.6
- Positive pairs
- 57.7%
- Strong positive (≥0.7)
- 2.9%
- Sector
- Electromedical & Electrotherapeutic Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 13 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 141 | 2.2% | |
| -0.6 to -0.5 | 140 | 2.1% | |
| -0.5 to -0.4 | 457 | 7.0% | |
| -0.4 to -0.3 | 457 | 7.0% | |
| -0.3 to -0.2 | 536 | 8.2% | |
| -0.2 to -0.1 | 535 | 8.2% | |
| -0.1 to 0.0 | 469 | 7.2% | |
| 0.0 to 0.1 | 469 | 7.2% | |
| 0.1 to 0.2 | 426 | 6.5% | |
| 0.2 to 0.3 | 426 | 6.5% | |
| 0.3 to 0.4 | 550 | 8.4% | |
| 0.4 to 0.5 | 550 | 8.4% | |
| 0.5 to 0.6 | 577 | 8.8% | |
| 0.6 to 0.7 | 577 | 8.8% | |
| 0.7 to 0.8 | 93 | 1.4% | |
| 0.8 to 0.9 | 92 | 1.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of NXL?
Nexalin Technology, Inc. Common Stock (NXL) has an average correlation of about 0.105 with other NASDAQ stocks, based on 6,521 pairwise observations.
Is NXL positively correlated with other stocks?
Mostly yes — 57.7% of pairs are positive and 42.3% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for NXL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 43.9% of all pairs.
Explore the full interactive correlation distribution for NXL.
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