Nexalin Technology, Inc. Warrant (NXLIW) Correlation Distribution
Across 5,756 rolling correlation observations between Nexalin Technology, Inc. Warrant (NXLIW) and other NASDAQ-listed stocks, 57.7% are positive and 42.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.092, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 5,756
- Mean correlation
- 0.092
- Most common range
- 0.3 to 0.4
- Positive pairs
- 57.7%
- 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 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 39 | 0.7% | |
| -0.6 to -0.5 | 38 | 0.7% | |
| -0.5 to -0.4 | 343 | 6.0% | |
| -0.4 to -0.3 | 343 | 6.0% | |
| -0.3 to -0.2 | 602 | 10.5% | |
| -0.2 to -0.1 | 602 | 10.5% | |
| -0.1 to 0.0 | 468 | 8.1% | |
| 0.0 to 0.1 | 468 | 8.1% | |
| 0.1 to 0.2 | 448 | 7.8% | |
| 0.2 to 0.3 | 447 | 7.8% | |
| 0.3 to 0.4 | 657 | 11.4% | |
| 0.4 to 0.5 | 657 | 11.4% | |
| 0.5 to 0.6 | 320 | 5.6% | |
| 0.6 to 0.7 | 320 | 5.6% | |
| 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 NXLIW?
Nexalin Technology, Inc. Warrant (NXLIW) has an average correlation of about 0.092 with other NASDAQ stocks, based on 5,756 pairwise observations.
Is NXLIW 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 0.1%.
What is the most common correlation range for NXLIW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 52.7% of all pairs.
Explore the full interactive correlation distribution for NXLIW.
Open interactive dashboard →