PAR Technology Corp. (PAR) Correlation Distribution
Across 6,809 rolling correlation observations between PAR Technology Corp. (PAR) and other NASDAQ-listed stocks, 76.3% are positive and 23.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.249, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,809
- Mean correlation
- 0.249
- Most common range
- 0.3 to 0.4
- Positive pairs
- 76.3%
- Strong positive (≥0.7)
- 9%
- Sector
- Calculating & Accounting Machines (No Electronic Computers)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 39 | 0.6% | |
| -0.8 to -0.7 | 38 | 0.6% | |
| -0.7 to -0.6 | 116 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 186 | 2.7% | |
| -0.4 to -0.3 | 186 | 2.7% | |
| -0.3 to -0.2 | 266 | 3.9% | |
| -0.2 to -0.1 | 266 | 3.9% | |
| -0.1 to 0.0 | 402 | 5.9% | |
| 0.0 to 0.1 | 402 | 5.9% | |
| 0.1 to 0.2 | 632 | 9.3% | |
| 0.2 to 0.3 | 632 | 9.3% | |
| 0.3 to 0.4 | 872 | 12.8% | |
| 0.4 to 0.5 | 871 | 12.8% | |
| 0.5 to 0.6 | 586 | 8.6% | |
| 0.6 to 0.7 | 586 | 8.6% | |
| 0.7 to 0.8 | 291 | 4.3% | |
| 0.8 to 0.9 | 291 | 4.3% | |
| 0.9 to 1.0 | 32 | 0.5% |
Frequently asked questions
What is the average correlation of PAR?
PAR Technology Corp. (PAR) has an average correlation of about 0.249 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAR positively correlated with other stocks?
Mostly yes — 76.3% of pairs are positive and 23.7% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for PAR?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 38.2% of all pairs.
Explore the full interactive correlation distribution for PAR.
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