PhenixFIN Corporation Common Stock (PFX) Correlation Distribution
Across 6,683 rolling correlation observations between PhenixFIN Corporation Common Stock (PFX) and other NASDAQ-listed stocks, 43.4% are positive and 56.6% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.004, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.1% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,683
- Mean correlation
- -0.004
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.4%
- Strong positive (≥0.7)
- 11.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 100 | 1.5% | |
| -0.8 to -0.7 | 100 | 1.5% | |
| -0.7 to -0.6 | 348 | 5.2% | |
| -0.6 to -0.5 | 348 | 5.2% | |
| -0.5 to -0.4 | 689 | 10.3% | |
| -0.4 to -0.3 | 688 | 10.3% | |
| -0.3 to -0.2 | 568 | 8.5% | |
| -0.2 to -0.1 | 567 | 8.5% | |
| -0.1 to 0.0 | 373 | 5.6% | |
| 0.0 to 0.1 | 372 | 5.6% | |
| 0.1 to 0.2 | 272 | 4.1% | |
| 0.2 to 0.3 | 271 | 4.1% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 330 | 4.9% | |
| 0.6 to 0.7 | 329 | 4.9% | |
| 0.7 to 0.8 | 367 | 5.5% | |
| 0.8 to 0.9 | 367 | 5.5% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of PFX?
PhenixFIN Corporation Common Stock (PFX) has an average correlation of about -0.004 with other NASDAQ stocks, based on 6,683 pairwise observations.
Is PFX positively correlated with other stocks?
Not predominantly — 43.4% of pairs are positive and 56.6% are negative. Strong positive correlations (≥0.7) make up 11.1%.
What is the most common correlation range for PFX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.3% of all pairs.
Explore the full interactive correlation distribution for PFX.
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