PRLHW (PRLHW) Correlation Distribution
Across 5,094 rolling correlation observations between PRLHW (PRLHW) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.288, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.8% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 5,094
- Mean correlation
- 0.288
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 28.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.4% | |
| -0.8 to -0.7 | 18 | 0.4% | |
| -0.7 to -0.6 | 191 | 3.7% | |
| -0.6 to -0.5 | 190 | 3.7% | |
| -0.5 to -0.4 | 264 | 5.2% | |
| -0.4 to -0.3 | 263 | 5.2% | |
| -0.3 to -0.2 | 209 | 4.1% | |
| -0.2 to -0.1 | 208 | 4.1% | |
| -0.1 to 0.0 | 200 | 3.9% | |
| 0.0 to 0.1 | 200 | 3.9% | |
| 0.1 to 0.2 | 209 | 4.1% | |
| 0.2 to 0.3 | 209 | 4.1% | |
| 0.3 to 0.4 | 281 | 5.5% | |
| 0.4 to 0.5 | 280 | 5.5% | |
| 0.5 to 0.6 | 444 | 8.7% | |
| 0.6 to 0.7 | 443 | 8.7% | |
| 0.7 to 0.8 | 723 | 14.2% | |
| 0.8 to 0.9 | 723 | 14.2% | |
| 0.9 to 1.0 | 21 | 0.4% |
Frequently asked questions
What is the average correlation of PRLHW?
PRLHW (PRLHW) has an average correlation of about 0.288 with other NASDAQ stocks, based on 5,094 pairwise observations.
Is PRLHW positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 28.8%.
What is the most common correlation range for PRLHW?
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 PRLHW.
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