PLMI (PLMI) Correlation Distribution
Across 6,450 rolling correlation observations between PLMI (PLMI) and other NASDAQ-listed stocks, 29.3% are positive and 70.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.231, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.1% and strong negative correlations (≤−0.7) for 13.3%.
- Total observations
- 6,450
- Mean correlation
- -0.231
- Most common range
- -0.7 to -0.6
- Positive pairs
- 29.3%
- Strong positive (≥0.7)
- 7.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 427 | 6.6% | |
| -0.8 to -0.7 | 427 | 6.6% | |
| -0.7 to -0.6 | 977 | 15.1% | |
| -0.6 to -0.5 | 976 | 15.1% | |
| -0.5 to -0.4 | 540 | 8.4% | |
| -0.4 to -0.3 | 539 | 8.4% | |
| -0.3 to -0.2 | 238 | 3.7% | |
| -0.2 to -0.1 | 238 | 3.7% | |
| -0.1 to 0.0 | 194 | 3.0% | |
| 0.0 to 0.1 | 193 | 3.0% | |
| 0.1 to 0.2 | 182 | 2.8% | |
| 0.2 to 0.3 | 181 | 2.8% | |
| 0.3 to 0.4 | 190 | 2.9% | |
| 0.4 to 0.5 | 189 | 2.9% | |
| 0.5 to 0.6 | 248 | 3.8% | |
| 0.6 to 0.7 | 248 | 3.8% | |
| 0.7 to 0.8 | 200 | 3.1% | |
| 0.8 to 0.9 | 200 | 3.1% | |
| 0.9 to 1.0 | 59 | 0.9% |
Frequently asked questions
What is the average correlation of PLMI?
PLMI (PLMI) has an average correlation of about -0.231 with other NASDAQ stocks, based on 6,450 pairwise observations.
Is PLMI positively correlated with other stocks?
Not predominantly — 29.3% of pairs are positive and 70.7% are negative. Strong positive correlations (≥0.7) make up 7.1%.
What is the most common correlation range for PLMI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for PLMI.
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