PureCycle Technologies, Inc. Unit (PCTTU) Correlation Distribution
Across 6,051 rolling correlation observations between PureCycle Technologies, Inc. Unit (PCTTU) and other NASDAQ-listed stocks, 75.3% are positive and 24.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.305, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,051
- Mean correlation
- 0.305
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.3%
- Strong positive (≥0.7)
- 17.3%
- Sector
- Plastic Materials, Synth Resins & Nonvulcan Elastomers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 87 | 1.4% | |
| -0.6 to -0.5 | 86 | 1.4% | |
| -0.5 to -0.4 | 208 | 3.4% | |
| -0.4 to -0.3 | 207 | 3.4% | |
| -0.3 to -0.2 | 283 | 4.7% | |
| -0.2 to -0.1 | 282 | 4.7% | |
| -0.1 to 0.0 | 334 | 5.5% | |
| 0.0 to 0.1 | 333 | 5.5% | |
| 0.1 to 0.2 | 403 | 6.7% | |
| 0.2 to 0.3 | 402 | 6.6% | |
| 0.3 to 0.4 | 473 | 7.8% | |
| 0.4 to 0.5 | 472 | 7.8% | |
| 0.5 to 0.6 | 712 | 11.8% | |
| 0.6 to 0.7 | 712 | 11.8% | |
| 0.7 to 0.8 | 512 | 8.5% | |
| 0.8 to 0.9 | 512 | 8.5% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of PCTTU?
PureCycle Technologies, Inc. Unit (PCTTU) has an average correlation of about 0.305 with other NASDAQ stocks, based on 6,051 pairwise observations.
Is PCTTU positively correlated with other stocks?
Mostly yes — 75.3% of pairs are positive and 24.7% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for PCTTU?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 33.7% of all pairs.
Explore the full interactive correlation distribution for PCTTU.
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