PNT (PNT) Correlation Distribution
Across 6,445 rolling correlation observations between PNT (PNT) and other NASDAQ-listed stocks, 32.7% are positive and 67.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.097, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,445
- Mean correlation
- -0.097
- Most common range
- -0.3 to -0.2
- Positive pairs
- 32.7%
- Strong positive (≥0.7)
- 0.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.2% | |
| -0.8 to -0.7 | 10 | 0.2% | |
| -0.7 to -0.6 | 194 | 3.0% | |
| -0.6 to -0.5 | 194 | 3.0% | |
| -0.5 to -0.4 | 703 | 10.9% | |
| -0.4 to -0.3 | 702 | 10.9% | |
| -0.3 to -0.2 | 969 | 15.0% | |
| -0.2 to -0.1 | 969 | 15.0% | |
| -0.1 to 0.0 | 589 | 9.1% | |
| 0.0 to 0.1 | 588 | 9.1% | |
| 0.1 to 0.2 | 298 | 4.6% | |
| 0.2 to 0.3 | 297 | 4.6% | |
| 0.3 to 0.4 | 257 | 4.0% | |
| 0.4 to 0.5 | 257 | 4.0% | |
| 0.5 to 0.6 | 189 | 2.9% | |
| 0.6 to 0.7 | 188 | 2.9% | |
| 0.7 to 0.8 | 16 | 0.2% | |
| 0.8 to 0.9 | 15 | 0.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of PNT?
PNT (PNT) has an average correlation of about -0.097 with other NASDAQ stocks, based on 6,445 pairwise observations.
Is PNT positively correlated with other stocks?
Not predominantly — 32.7% of pairs are positive and 67.3% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for PNT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 57.6% of all pairs.
Explore the full interactive correlation distribution for PNT.
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