SOUTHPORT ACQ CORP A (PORT) Correlation Distribution
Across 6,146 rolling correlation observations between SOUTHPORT ACQ CORP A (PORT) and other NASDAQ-listed stocks, 37.4% are positive and 62.6% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.143, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 21.2%.
- Total observations
- 6,146
- Mean correlation
- -0.143
- Most common range
- -0.9 to -0.8
- Positive pairs
- 37.4%
- Strong positive (≥0.7)
- 13.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 60 | 1.0% | |
| -0.9 to -0.8 | 621 | 10.1% | |
| -0.8 to -0.7 | 621 | 10.1% | |
| -0.7 to -0.6 | 550 | 8.9% | |
| -0.6 to -0.5 | 550 | 8.9% | |
| -0.5 to -0.4 | 374 | 6.1% | |
| -0.4 to -0.3 | 374 | 6.1% | |
| -0.3 to -0.2 | 245 | 4.0% | |
| -0.2 to -0.1 | 245 | 4.0% | |
| -0.1 to 0.0 | 205 | 3.3% | |
| 0.0 to 0.1 | 205 | 3.3% | |
| 0.1 to 0.2 | 182 | 3.0% | |
| 0.2 to 0.3 | 182 | 3.0% | |
| 0.3 to 0.4 | 190 | 3.1% | |
| 0.4 to 0.5 | 190 | 3.1% | |
| 0.5 to 0.6 | 257 | 4.2% | |
| 0.6 to 0.7 | 256 | 4.2% | |
| 0.7 to 0.8 | 342 | 5.6% | |
| 0.8 to 0.9 | 341 | 5.5% | |
| 0.9 to 1.0 | 156 | 2.5% |
Frequently asked questions
What is the average correlation of PORT?
SOUTHPORT ACQ CORP A (PORT) has an average correlation of about -0.143 with other NASDAQ stocks, based on 6,146 pairwise observations.
Is PORT positively correlated with other stocks?
Not predominantly — 37.4% of pairs are positive and 62.6% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for PORT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for PORT.
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