Patria Investments Limited Class A Common Shares (PAX) Correlation Distribution
Across 6,808 rolling correlation observations between Patria Investments Limited Class A Common Shares (PAX) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.237, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.8% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,808
- Mean correlation
- 0.237
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 15.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 132 | 1.9% | |
| -0.8 to -0.7 | 131 | 1.9% | |
| -0.7 to -0.6 | 356 | 5.2% | |
| -0.6 to -0.5 | 355 | 5.2% | |
| -0.5 to -0.4 | 250 | 3.7% | |
| -0.4 to -0.3 | 249 | 3.7% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 255 | 3.7% | |
| 0.3 to 0.4 | 397 | 5.8% | |
| 0.4 to 0.5 | 396 | 5.8% | |
| 0.5 to 0.6 | 1,052 | 15.5% | |
| 0.6 to 0.7 | 1,051 | 15.4% | |
| 0.7 to 0.8 | 537 | 7.9% | |
| 0.8 to 0.9 | 536 | 7.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of PAX?
Patria Investments Limited Class A Common Shares (PAX) has an average correlation of about 0.237 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PAX positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 15.8%.
What is the most common correlation range for PAX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for PAX.
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