PRESTO AUTOMATION INC (PRST) Correlation Distribution
Across 6,513 rolling correlation observations between PRESTO AUTOMATION INC (PRST) and other NASDAQ-listed stocks, 49.7% are positive and 50.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.6% and strong negative correlations (≤−0.7) for 11.6%.
- Total observations
- 6,513
- Mean correlation
- 0.005
- Most common range
- -0.7 to -0.6
- Positive pairs
- 49.7%
- Strong positive (≥0.7)
- 13.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 378 | 5.8% | |
| -0.8 to -0.7 | 378 | 5.8% | |
| -0.7 to -0.6 | 492 | 7.6% | |
| -0.6 to -0.5 | 491 | 7.5% | |
| -0.5 to -0.4 | 379 | 5.8% | |
| -0.4 to -0.3 | 378 | 5.8% | |
| -0.3 to -0.2 | 276 | 4.2% | |
| -0.2 to -0.1 | 275 | 4.2% | |
| -0.1 to 0.0 | 231 | 3.5% | |
| 0.0 to 0.1 | 230 | 3.5% | |
| 0.1 to 0.2 | 254 | 3.9% | |
| 0.2 to 0.3 | 254 | 3.9% | |
| 0.3 to 0.4 | 350 | 5.4% | |
| 0.4 to 0.5 | 349 | 5.4% | |
| 0.5 to 0.6 | 457 | 7.0% | |
| 0.6 to 0.7 | 457 | 7.0% | |
| 0.7 to 0.8 | 427 | 6.6% | |
| 0.8 to 0.9 | 426 | 6.5% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of PRST?
PRESTO AUTOMATION INC (PRST) has an average correlation of about 0.005 with other NASDAQ stocks, based on 6,513 pairwise observations.
Is PRST positively correlated with other stocks?
Not predominantly — 49.7% of pairs are positive and 50.3% are negative. Strong positive correlations (≥0.7) make up 13.6%.
What is the most common correlation range for PRST?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for PRST.
Open interactive dashboard →