NXU (NXU) Correlation Distribution
Across 6,470 rolling correlation observations between NXU (NXU) and other NASDAQ-listed stocks, 72% are positive and 28% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.38, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 50.4% and strong negative correlations (≤−0.7) for 9.8%.
- Total observations
- 6,470
- Mean correlation
- 0.38
- Most common range
- 0.9 to 1.0
- Positive pairs
- 72%
- Strong positive (≥0.7)
- 50.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 124 | 1.9% | |
| -0.9 to -0.8 | 255 | 3.9% | |
| -0.8 to -0.7 | 255 | 3.9% | |
| -0.7 to -0.6 | 212 | 3.3% | |
| -0.6 to -0.5 | 212 | 3.3% | |
| -0.5 to -0.4 | 164 | 2.5% | |
| -0.4 to -0.3 | 163 | 2.5% | |
| -0.3 to -0.2 | 148 | 2.3% | |
| -0.2 to -0.1 | 147 | 2.3% | |
| -0.1 to 0.0 | 131 | 2.0% | |
| 0.0 to 0.1 | 130 | 2.0% | |
| 0.1 to 0.2 | 151 | 2.3% | |
| 0.2 to 0.3 | 151 | 2.3% | |
| 0.3 to 0.4 | 179 | 2.8% | |
| 0.4 to 0.5 | 178 | 2.8% | |
| 0.5 to 0.6 | 306 | 4.7% | |
| 0.6 to 0.7 | 306 | 4.7% | |
| 0.7 to 0.8 | 788 | 12.2% | |
| 0.8 to 0.9 | 788 | 12.2% | |
| 0.9 to 1.0 | 1,682 | 26.0% |
Frequently asked questions
What is the average correlation of NXU?
NXU (NXU) has an average correlation of about 0.38 with other NASDAQ stocks, based on 6,470 pairwise observations.
Is NXU positively correlated with other stocks?
Mostly yes — 72% of pairs are positive and 28% are negative. Strong positive correlations (≥0.7) make up 50.4%.
What is the most common correlation range for NXU?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 13.3% of all pairs.
Explore the full interactive correlation distribution for NXU.
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