PLTN (PLTN) Correlation Distribution
Across 5,430 rolling correlation observations between PLTN (PLTN) and other NASDAQ-listed stocks, 44.5% are positive and 55.5% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.057, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 5,430
- Mean correlation
- -0.057
- Most common range
- -0.1 to 0.0
- Positive pairs
- 44.5%
- Strong positive (≥0.7)
- 0%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.3% | |
| -0.8 to -0.7 | 14 | 0.3% | |
| -0.7 to -0.6 | 132 | 2.4% | |
| -0.6 to -0.5 | 131 | 2.4% | |
| -0.5 to -0.4 | 433 | 8.0% | |
| -0.4 to -0.3 | 432 | 8.0% | |
| -0.3 to -0.2 | 596 | 11.0% | |
| -0.2 to -0.1 | 595 | 11.0% | |
| -0.1 to 0.0 | 667 | 12.3% | |
| 0.0 to 0.1 | 666 | 12.3% | |
| 0.1 to 0.2 | 642 | 11.8% | |
| 0.2 to 0.3 | 642 | 11.8% | |
| 0.3 to 0.4 | 201 | 3.7% | |
| 0.4 to 0.5 | 200 | 3.7% | |
| 0.5 to 0.6 | 32 | 0.6% | |
| 0.6 to 0.7 | 32 | 0.6% | |
| 0.7 to 0.8 | 0 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PLTN?
PLTN (PLTN) has an average correlation of about -0.057 with other NASDAQ stocks, based on 5,430 pairwise observations.
Is PLTN positively correlated with other stocks?
Not predominantly — 44.5% of pairs are positive and 55.5% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for PLTN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 70.1% of all pairs.
Explore the full interactive correlation distribution for PLTN.
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