PEPL (PEPL) Correlation Distribution
Across 5,724 rolling correlation observations between PEPL (PEPL) and other NASDAQ-listed stocks, 30.9% are positive and 69.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.243, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 27.1%.
- Total observations
- 5,724
- Mean correlation
- -0.243
- Most common range
- -0.9 to -0.8
- Positive pairs
- 30.9%
- Strong positive (≥0.7)
- 11.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 133 | 2.3% | |
| -0.9 to -0.8 | 711 | 12.4% | |
| -0.8 to -0.7 | 710 | 12.4% | |
| -0.7 to -0.6 | 605 | 10.6% | |
| -0.6 to -0.5 | 604 | 10.6% | |
| -0.5 to -0.4 | 322 | 5.6% | |
| -0.4 to -0.3 | 322 | 5.6% | |
| -0.3 to -0.2 | 195 | 3.4% | |
| -0.2 to -0.1 | 195 | 3.4% | |
| -0.1 to 0.0 | 156 | 2.7% | |
| 0.0 to 0.1 | 155 | 2.7% | |
| 0.1 to 0.2 | 160 | 2.8% | |
| 0.2 to 0.3 | 159 | 2.8% | |
| 0.3 to 0.4 | 152 | 2.7% | |
| 0.4 to 0.5 | 152 | 2.7% | |
| 0.5 to 0.6 | 169 | 3.0% | |
| 0.6 to 0.7 | 168 | 2.9% | |
| 0.7 to 0.8 | 250 | 4.4% | |
| 0.8 to 0.9 | 250 | 4.4% | |
| 0.9 to 1.0 | 156 | 2.7% |
Frequently asked questions
What is the average correlation of PEPL?
PEPL (PEPL) has an average correlation of about -0.243 with other NASDAQ stocks, based on 5,724 pairwise observations.
Is PEPL positively correlated with other stocks?
Not predominantly — 30.9% of pairs are positive and 69.1% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for PEPL?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for PEPL.
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