Performant Financial Corporation (PFMT) Correlation Distribution
Across 6,794 rolling correlation observations between Performant Financial Corporation (PFMT) and other NASDAQ-listed stocks, 58.9% are positive and 41.1% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.103, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,794
- Mean correlation
- 0.103
- Most common range
- 0.3 to 0.4
- Positive pairs
- 58.9%
- Strong positive (≥0.7)
- 1.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 133 | 2.0% | |
| -0.6 to -0.5 | 133 | 2.0% | |
| -0.5 to -0.4 | 415 | 6.1% | |
| -0.4 to -0.3 | 415 | 6.1% | |
| -0.3 to -0.2 | 567 | 8.3% | |
| -0.2 to -0.1 | 566 | 8.3% | |
| -0.1 to 0.0 | 544 | 8.0% | |
| 0.0 to 0.1 | 544 | 8.0% | |
| 0.1 to 0.2 | 498 | 7.3% | |
| 0.2 to 0.3 | 497 | 7.3% | |
| 0.3 to 0.4 | 671 | 9.9% | |
| 0.4 to 0.5 | 670 | 9.9% | |
| 0.5 to 0.6 | 510 | 7.5% | |
| 0.6 to 0.7 | 510 | 7.5% | |
| 0.7 to 0.8 | 52 | 0.8% | |
| 0.8 to 0.9 | 51 | 0.8% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of PFMT?
Performant Financial Corporation (PFMT) has an average correlation of about 0.103 with other NASDAQ stocks, based on 6,794 pairwise observations.
Is PFMT positively correlated with other stocks?
Mostly yes — 58.9% of pairs are positive and 41.1% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for PFMT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 47.3% of all pairs.
Explore the full interactive correlation distribution for PFMT.
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