PARAP (PARAP) Correlation Distribution
Across 6,502 rolling correlation observations between PARAP (PARAP) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 39.1% and strong negative correlations (≤−0.7) for 9%.
- Total observations
- 6,502
- Mean correlation
- 0.294
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 39.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 29 | 0.4% | |
| -0.9 to -0.8 | 277 | 4.3% | |
| -0.8 to -0.7 | 277 | 4.3% | |
| -0.7 to -0.6 | 261 | 4.0% | |
| -0.6 to -0.5 | 260 | 4.0% | |
| -0.5 to -0.4 | 195 | 3.0% | |
| -0.4 to -0.3 | 194 | 3.0% | |
| -0.3 to -0.2 | 193 | 3.0% | |
| -0.2 to -0.1 | 192 | 3.0% | |
| -0.1 to 0.0 | 169 | 2.6% | |
| 0.0 to 0.1 | 169 | 2.6% | |
| 0.1 to 0.2 | 192 | 3.0% | |
| 0.2 to 0.3 | 191 | 2.9% | |
| 0.3 to 0.4 | 248 | 3.8% | |
| 0.4 to 0.5 | 248 | 3.8% | |
| 0.5 to 0.6 | 432 | 6.6% | |
| 0.6 to 0.7 | 431 | 6.6% | |
| 0.7 to 0.8 | 947 | 14.6% | |
| 0.8 to 0.9 | 946 | 14.5% | |
| 0.9 to 1.0 | 651 | 10.0% |
Frequently asked questions
What is the average correlation of PARAP?
PARAP (PARAP) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,502 pairwise observations.
Is PARAP positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 39.1%.
What is the most common correlation range for PARAP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for PARAP.
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