Perma-Fix Environmental Services, Inc. (PESI) Correlation Distribution
Across 6,809 rolling correlation observations between Perma-Fix Environmental Services, Inc. (PESI) and other NASDAQ-listed stocks, 38.1% are positive and 61.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.068, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.4% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,809
- Mean correlation
- -0.068
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.1%
- Strong positive (≥0.7)
- 3.4%
- Sector
- Hazardous Waste Management
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 406 | 6.0% | |
| -0.6 to -0.5 | 405 | 5.9% | |
| -0.5 to -0.4 | 889 | 13.1% | |
| -0.4 to -0.3 | 889 | 13.1% | |
| -0.3 to -0.2 | 607 | 8.9% | |
| -0.2 to -0.1 | 606 | 8.9% | |
| -0.1 to 0.0 | 354 | 5.2% | |
| 0.0 to 0.1 | 353 | 5.2% | |
| 0.1 to 0.2 | 297 | 4.4% | |
| 0.2 to 0.3 | 297 | 4.4% | |
| 0.3 to 0.4 | 320 | 4.7% | |
| 0.4 to 0.5 | 319 | 4.7% | |
| 0.5 to 0.6 | 386 | 5.7% | |
| 0.6 to 0.7 | 386 | 5.7% | |
| 0.7 to 0.8 | 117 | 1.7% | |
| 0.8 to 0.9 | 117 | 1.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PESI?
Perma-Fix Environmental Services, Inc. (PESI) has an average correlation of about -0.068 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PESI positively correlated with other stocks?
Not predominantly — 38.1% of pairs are positive and 61.9% are negative. Strong positive correlations (≥0.7) make up 3.4%.
What is the most common correlation range for PESI?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.9% of all pairs.
Explore the full interactive correlation distribution for PESI.
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