PDF Solutions Inc (PDFS) Correlation Distribution
Across 6,809 rolling correlation observations between PDF Solutions Inc (PDFS) and other NASDAQ-listed stocks, 35.7% are positive and 64.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.4% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.7%
- Strong positive (≥0.7)
- 1.4%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 60 | 0.9% | |
| -0.7 to -0.6 | 756 | 11.1% | |
| -0.6 to -0.5 | 755 | 11.1% | |
| -0.5 to -0.4 | 663 | 9.7% | |
| -0.4 to -0.3 | 663 | 9.7% | |
| -0.3 to -0.2 | 512 | 7.5% | |
| -0.2 to -0.1 | 512 | 7.5% | |
| -0.1 to 0.0 | 396 | 5.8% | |
| 0.0 to 0.1 | 395 | 5.8% | |
| 0.1 to 0.2 | 370 | 5.4% | |
| 0.2 to 0.3 | 369 | 5.4% | |
| 0.3 to 0.4 | 352 | 5.2% | |
| 0.4 to 0.5 | 351 | 5.2% | |
| 0.5 to 0.6 | 248 | 3.6% | |
| 0.6 to 0.7 | 248 | 3.6% | |
| 0.7 to 0.8 | 49 | 0.7% | |
| 0.8 to 0.9 | 49 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PDFS?
PDF Solutions Inc (PDFS) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PDFS positively correlated with other stocks?
Not predominantly — 35.7% of pairs are positive and 64.3% are negative. Strong positive correlations (≥0.7) make up 1.4%.
What is the most common correlation range for PDFS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 37.5% of all pairs.
Explore the full interactive correlation distribution for PDFS.
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