Perpetua Resources Corp. Common Shares (PPTA) Correlation Distribution
Across 6,806 rolling correlation observations between Perpetua Resources Corp. Common Shares (PPTA) and other NASDAQ-listed stocks, 55.8% are positive and 44.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.099, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,806
- Mean correlation
- 0.099
- Most common range
- -0.1 to 0.0
- Positive pairs
- 55.8%
- Strong positive (≥0.7)
- 11%
- Sector
- Gold And Silver Ores
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 64 | 0.9% | |
| -0.8 to -0.7 | 63 | 0.9% | |
| -0.7 to -0.6 | 215 | 3.2% | |
| -0.6 to -0.5 | 215 | 3.2% | |
| -0.5 to -0.4 | 381 | 5.6% | |
| -0.4 to -0.3 | 381 | 5.6% | |
| -0.3 to -0.2 | 510 | 7.5% | |
| -0.2 to -0.1 | 510 | 7.5% | |
| -0.1 to 0.0 | 667 | 9.8% | |
| 0.0 to 0.1 | 667 | 9.8% | |
| 0.1 to 0.2 | 437 | 6.4% | |
| 0.2 to 0.3 | 437 | 6.4% | |
| 0.3 to 0.4 | 350 | 5.1% | |
| 0.4 to 0.5 | 350 | 5.1% | |
| 0.5 to 0.6 | 404 | 5.9% | |
| 0.6 to 0.7 | 404 | 5.9% | |
| 0.7 to 0.8 | 365 | 5.4% | |
| 0.8 to 0.9 | 364 | 5.3% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of PPTA?
Perpetua Resources Corp. Common Shares (PPTA) has an average correlation of about 0.099 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is PPTA positively correlated with other stocks?
Mostly yes — 55.8% of pairs are positive and 44.2% are negative. Strong positive correlations (≥0.7) make up 11%.
What is the most common correlation range for PPTA?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 47.4% of all pairs.
Explore the full interactive correlation distribution for PPTA.
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