PRA Group, Inc. (PRAA) Correlation Distribution
Across 6,809 rolling correlation observations between PRA Group, Inc. (PRAA) and other NASDAQ-listed stocks, 66.9% are positive and 33.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.199, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17% and strong negative correlations (≤−0.7) for 7.9%.
- Total observations
- 6,809
- Mean correlation
- 0.199
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.9%
- Strong positive (≥0.7)
- 17%
- Sector
- Short-Term Business Credit Institutions
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 271 | 4.0% | |
| -0.8 to -0.7 | 270 | 4.0% | |
| -0.7 to -0.6 | 294 | 4.3% | |
| -0.6 to -0.5 | 294 | 4.3% | |
| -0.5 to -0.4 | 244 | 3.6% | |
| -0.4 to -0.3 | 244 | 3.6% | |
| -0.3 to -0.2 | 199 | 2.9% | |
| -0.2 to -0.1 | 198 | 2.9% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 238 | 3.5% | |
| 0.1 to 0.2 | 274 | 4.0% | |
| 0.2 to 0.3 | 273 | 4.0% | |
| 0.3 to 0.4 | 470 | 6.9% | |
| 0.4 to 0.5 | 470 | 6.9% | |
| 0.5 to 0.6 | 838 | 12.3% | |
| 0.6 to 0.7 | 837 | 12.3% | |
| 0.7 to 0.8 | 572 | 8.4% | |
| 0.8 to 0.9 | 571 | 8.4% | |
| 0.9 to 1.0 | 13 | 0.2% |
Frequently asked questions
What is the average correlation of PRAA?
PRA Group, Inc. (PRAA) has an average correlation of about 0.199 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PRAA positively correlated with other stocks?
Mostly yes — 66.9% of pairs are positive and 33.1% are negative. Strong positive correlations (≥0.7) make up 17%.
What is the most common correlation range for PRAA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for PRAA.
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