PEGR (PEGR) Correlation Distribution
Across 6,280 rolling correlation observations between PEGR (PEGR) and other NASDAQ-listed stocks, 31.2% are positive and 68.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.7% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,280
- Mean correlation
- -0.143
- Most common range
- -0.5 to -0.4
- Positive pairs
- 31.2%
- Strong positive (≥0.7)
- 0.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 57 | 0.9% | |
| -0.8 to -0.7 | 57 | 0.9% | |
| -0.7 to -0.6 | 53 | 0.8% | |
| -0.6 to -0.5 | 52 | 0.8% | |
| -0.5 to -0.4 | 1,193 | 19.0% | |
| -0.4 to -0.3 | 1,193 | 19.0% | |
| -0.3 to -0.2 | 635 | 10.1% | |
| -0.2 to -0.1 | 635 | 10.1% | |
| -0.1 to 0.0 | 425 | 6.8% | |
| 0.0 to 0.1 | 424 | 6.8% | |
| 0.1 to 0.2 | 397 | 6.3% | |
| 0.2 to 0.3 | 396 | 6.3% | |
| 0.3 to 0.4 | 324 | 5.2% | |
| 0.4 to 0.5 | 323 | 5.1% | |
| 0.5 to 0.6 | 26 | 0.4% | |
| 0.6 to 0.7 | 26 | 0.4% | |
| 0.7 to 0.8 | 14 | 0.2% | |
| 0.8 to 0.9 | 14 | 0.2% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of PEGR?
PEGR (PEGR) has an average correlation of about -0.143 with other NASDAQ stocks, based on 6,280 pairwise observations.
Is PEGR positively correlated with other stocks?
Not predominantly — 31.2% of pairs are positive and 68.8% are negative. Strong positive correlations (≥0.7) make up 0.7%.
What is the most common correlation range for PEGR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 46.4% of all pairs.
Explore the full interactive correlation distribution for PEGR.
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