Perion Network Ltd. (PERI) Correlation Distribution
Across 6,809 rolling correlation observations between Perion Network Ltd. (PERI) and other NASDAQ-listed stocks, 43.5% are positive and 56.5% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- -0.033
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.5%
- Strong positive (≥0.7)
- 3.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 76 | 1.1% | |
| -0.8 to -0.7 | 76 | 1.1% | |
| -0.7 to -0.6 | 238 | 3.5% | |
| -0.6 to -0.5 | 238 | 3.5% | |
| -0.5 to -0.4 | 476 | 7.0% | |
| -0.4 to -0.3 | 476 | 7.0% | |
| -0.3 to -0.2 | 788 | 11.6% | |
| -0.2 to -0.1 | 788 | 11.6% | |
| -0.1 to 0.0 | 686 | 10.1% | |
| 0.0 to 0.1 | 686 | 10.1% | |
| 0.1 to 0.2 | 510 | 7.5% | |
| 0.2 to 0.3 | 509 | 7.5% | |
| 0.3 to 0.4 | 292 | 4.3% | |
| 0.4 to 0.5 | 291 | 4.3% | |
| 0.5 to 0.6 | 220 | 3.2% | |
| 0.6 to 0.7 | 220 | 3.2% | |
| 0.7 to 0.8 | 112 | 1.6% | |
| 0.8 to 0.9 | 111 | 1.6% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of PERI?
Perion Network Ltd. (PERI) has an average correlation of about -0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PERI positively correlated with other stocks?
Not predominantly — 43.5% of pairs are positive and 56.5% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for PERI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 58.3% of all pairs.
Explore the full interactive correlation distribution for PERI.
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