Pagaya Technologies Ltd. Class A Ordinary Shares (PGY) Correlation Distribution
Across 6,662 rolling correlation observations between Pagaya Technologies Ltd. Class A Ordinary Shares (PGY) and other NASDAQ-listed stocks, 61.2% are positive and 38.8% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.14, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,662
- Mean correlation
- 0.14
- Most common range
- 0.3 to 0.4
- Positive pairs
- 61.2%
- Strong positive (≥0.7)
- 3%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 19 | 0.3% | |
| -0.6 to -0.5 | 19 | 0.3% | |
| -0.5 to -0.4 | 385 | 5.8% | |
| -0.4 to -0.3 | 384 | 5.8% | |
| -0.3 to -0.2 | 651 | 9.8% | |
| -0.2 to -0.1 | 651 | 9.8% | |
| -0.1 to 0.0 | 478 | 7.2% | |
| 0.0 to 0.1 | 478 | 7.2% | |
| 0.1 to 0.2 | 512 | 7.7% | |
| 0.2 to 0.3 | 512 | 7.7% | |
| 0.3 to 0.4 | 657 | 9.9% | |
| 0.4 to 0.5 | 656 | 9.8% | |
| 0.5 to 0.6 | 529 | 7.9% | |
| 0.6 to 0.7 | 528 | 7.9% | |
| 0.7 to 0.8 | 100 | 1.5% | |
| 0.8 to 0.9 | 99 | 1.5% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of PGY?
Pagaya Technologies Ltd. Class A Ordinary Shares (PGY) has an average correlation of about 0.14 with other NASDAQ stocks, based on 6,662 pairwise observations.
Is PGY positively correlated with other stocks?
Mostly yes — 61.2% of pairs are positive and 38.8% are negative. Strong positive correlations (≥0.7) make up 3%.
What is the most common correlation range for PGY?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 49.3% of all pairs.
Explore the full interactive correlation distribution for PGY.
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