Paymentus Holdings, Inc. (PAY) Correlation Distribution
Across 6,806 rolling correlation observations between Paymentus Holdings, Inc. (PAY) and other NASDAQ-listed stocks, 73.6% are positive and 26.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.236, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,806
- Mean correlation
- 0.236
- Most common range
- 0.3 to 0.4
- Positive pairs
- 73.6%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 85 | 1.2% | |
| -0.8 to -0.7 | 84 | 1.2% | |
| -0.7 to -0.6 | 151 | 2.2% | |
| -0.6 to -0.5 | 151 | 2.2% | |
| -0.5 to -0.4 | 202 | 3.0% | |
| -0.4 to -0.3 | 202 | 3.0% | |
| -0.3 to -0.2 | 265 | 3.9% | |
| -0.2 to -0.1 | 265 | 3.9% | |
| -0.1 to 0.0 | 389 | 5.7% | |
| 0.0 to 0.1 | 388 | 5.7% | |
| 0.1 to 0.2 | 545 | 8.0% | |
| 0.2 to 0.3 | 545 | 8.0% | |
| 0.3 to 0.4 | 801 | 11.8% | |
| 0.4 to 0.5 | 801 | 11.8% | |
| 0.5 to 0.6 | 554 | 8.1% | |
| 0.6 to 0.7 | 554 | 8.1% | |
| 0.7 to 0.8 | 384 | 5.6% | |
| 0.8 to 0.9 | 383 | 5.6% | |
| 0.9 to 1.0 | 57 | 0.8% |
Frequently asked questions
What is the average correlation of PAY?
Paymentus Holdings, Inc. (PAY) has an average correlation of about 0.236 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is PAY positively correlated with other stocks?
Mostly yes — 73.6% of pairs are positive and 26.4% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for PAY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.2% of all pairs.
Explore the full interactive correlation distribution for PAY.
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