Prenetics Global Limited Class A Ordinary Share (PRE) Correlation Distribution
Across 6,693 rolling correlation observations between Prenetics Global Limited Class A Ordinary Share (PRE) and other NASDAQ-listed stocks, 57.9% are positive and 42.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.136, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.4% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,693
- Mean correlation
- 0.136
- Most common range
- 0.7 to 0.8
- Positive pairs
- 57.9%
- Strong positive (≥0.7)
- 23.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 231 | 3.5% | |
| -0.8 to -0.7 | 230 | 3.4% | |
| -0.7 to -0.6 | 408 | 6.1% | |
| -0.6 to -0.5 | 407 | 6.1% | |
| -0.5 to -0.4 | 354 | 5.3% | |
| -0.4 to -0.3 | 354 | 5.3% | |
| -0.3 to -0.2 | 273 | 4.1% | |
| -0.2 to -0.1 | 272 | 4.1% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 4.0% | |
| 0.1 to 0.2 | 269 | 4.0% | |
| 0.2 to 0.3 | 269 | 4.0% | |
| 0.3 to 0.4 | 339 | 5.1% | |
| 0.4 to 0.5 | 339 | 5.1% | |
| 0.5 to 0.6 | 412 | 6.2% | |
| 0.6 to 0.7 | 412 | 6.2% | |
| 0.7 to 0.8 | 588 | 8.8% | |
| 0.8 to 0.9 | 588 | 8.8% | |
| 0.9 to 1.0 | 389 | 5.8% |
Frequently asked questions
What is the average correlation of PRE?
Prenetics Global Limited Class A Ordinary Share (PRE) has an average correlation of about 0.136 with other NASDAQ stocks, based on 6,693 pairwise observations.
Is PRE positively correlated with other stocks?
Mostly yes — 57.9% of pairs are positive and 42.1% are negative. Strong positive correlations (≥0.7) make up 23.4%.
What is the most common correlation range for PRE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for PRE.
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