NextPlat Corp Warrants (NXPLW) Correlation Distribution
Across 6,177 rolling correlation observations between NextPlat Corp Warrants (NXPLW) and other NASDAQ-listed stocks, 60.3% are positive and 39.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.129, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 7.4%.
- Total observations
- 6,177
- Mean correlation
- 0.129
- Most common range
- 0.5 to 0.6
- Positive pairs
- 60.3%
- Strong positive (≥0.7)
- 15%
- Sector
- Telephone Communications (No Radiotelephone)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 228 | 3.7% | |
| -0.8 to -0.7 | 228 | 3.7% | |
| -0.7 to -0.6 | 381 | 6.2% | |
| -0.6 to -0.5 | 380 | 6.2% | |
| -0.5 to -0.4 | 278 | 4.5% | |
| -0.4 to -0.3 | 277 | 4.5% | |
| -0.3 to -0.2 | 227 | 3.7% | |
| -0.2 to -0.1 | 227 | 3.7% | |
| -0.1 to 0.0 | 225 | 3.6% | |
| 0.0 to 0.1 | 224 | 3.6% | |
| 0.1 to 0.2 | 257 | 4.2% | |
| 0.2 to 0.3 | 256 | 4.1% | |
| 0.3 to 0.4 | 381 | 6.2% | |
| 0.4 to 0.5 | 380 | 6.2% | |
| 0.5 to 0.6 | 652 | 10.6% | |
| 0.6 to 0.7 | 652 | 10.6% | |
| 0.7 to 0.8 | 459 | 7.4% | |
| 0.8 to 0.9 | 458 | 7.4% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of NXPLW?
NextPlat Corp Warrants (NXPLW) has an average correlation of about 0.129 with other NASDAQ stocks, based on 6,177 pairwise observations.
Is NXPLW positively correlated with other stocks?
Mostly yes — 60.3% of pairs are positive and 39.7% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for NXPLW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for NXPLW.
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