Pagaya Technologies Ltd. Warrants (PGYWW) Correlation Distribution
Across 6,620 rolling correlation observations between Pagaya Technologies Ltd. Warrants (PGYWW) and other NASDAQ-listed stocks, 57.9% are positive and 42.1% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.083, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.4% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,620
- Mean correlation
- 0.083
- Most common range
- 0.3 to 0.4
- Positive pairs
- 57.9%
- Strong positive (≥0.7)
- 0.4%
- 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 | 1 | 0.0% | |
| -0.7 to -0.6 | 20 | 0.3% | |
| -0.6 to -0.5 | 19 | 0.3% | |
| -0.5 to -0.4 | 437 | 6.6% | |
| -0.4 to -0.3 | 437 | 6.6% | |
| -0.3 to -0.2 | 669 | 10.1% | |
| -0.2 to -0.1 | 669 | 10.1% | |
| -0.1 to 0.0 | 535 | 8.1% | |
| 0.0 to 0.1 | 534 | 8.1% | |
| 0.1 to 0.2 | 641 | 9.7% | |
| 0.2 to 0.3 | 640 | 9.7% | |
| 0.3 to 0.4 | 696 | 10.5% | |
| 0.4 to 0.5 | 696 | 10.5% | |
| 0.5 to 0.6 | 299 | 4.5% | |
| 0.6 to 0.7 | 298 | 4.5% | |
| 0.7 to 0.8 | 14 | 0.2% | |
| 0.8 to 0.9 | 14 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PGYWW?
Pagaya Technologies Ltd. Warrants (PGYWW) has an average correlation of about 0.083 with other NASDAQ stocks, based on 6,620 pairwise observations.
Is PGYWW positively correlated with other stocks?
Mostly yes — 57.9% of pairs are positive and 42.1% are negative. Strong positive correlations (≥0.7) make up 0.4%.
What is the most common correlation range for PGYWW?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 55.7% of all pairs.
Explore the full interactive correlation distribution for PGYWW.
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