PRPC (PRPC) Correlation Distribution
Across 6,101 rolling correlation observations between PRPC (PRPC) and other NASDAQ-listed stocks, 24% are positive and 76% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.279, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.2% and strong negative correlations (≤−0.7) for 13.5%.
- Total observations
- 6,101
- Mean correlation
- -0.279
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24%
- Strong positive (≥0.7)
- 7.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 20 | 0.3% | |
| -0.9 to -0.8 | 403 | 6.6% | |
| -0.8 to -0.7 | 403 | 6.6% | |
| -0.7 to -0.6 | 993 | 16.3% | |
| -0.6 to -0.5 | 992 | 16.3% | |
| -0.5 to -0.4 | 583 | 9.6% | |
| -0.4 to -0.3 | 583 | 9.6% | |
| -0.3 to -0.2 | 252 | 4.1% | |
| -0.2 to -0.1 | 252 | 4.1% | |
| -0.1 to 0.0 | 153 | 2.5% | |
| 0.0 to 0.1 | 153 | 2.5% | |
| 0.1 to 0.2 | 156 | 2.6% | |
| 0.2 to 0.3 | 155 | 2.5% | |
| 0.3 to 0.4 | 142 | 2.3% | |
| 0.4 to 0.5 | 141 | 2.3% | |
| 0.5 to 0.6 | 139 | 2.3% | |
| 0.6 to 0.7 | 139 | 2.3% | |
| 0.7 to 0.8 | 146 | 2.4% | |
| 0.8 to 0.9 | 146 | 2.4% | |
| 0.9 to 1.0 | 150 | 2.5% |
Frequently asked questions
What is the average correlation of PRPC?
PRPC (PRPC) has an average correlation of about -0.279 with other NASDAQ stocks, based on 6,101 pairwise observations.
Is PRPC positively correlated with other stocks?
Not predominantly — 24% of pairs are positive and 76% are negative. Strong positive correlations (≥0.7) make up 7.2%.
What is the most common correlation range for PRPC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for PRPC.
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