Performance Technologies Inc (PTIX) Correlation Distribution
Across 6,797 rolling correlation observations between Performance Technologies Inc (PTIX) and other NASDAQ-listed stocks, 71.1% are positive and 28.9% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.355, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 43.6% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,797
- Mean correlation
- 0.355
- Most common range
- 0.9 to 1.0
- Positive pairs
- 71.1%
- Strong positive (≥0.7)
- 43.6%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 167 | 2.5% | |
| -0.8 to -0.7 | 166 | 2.4% | |
| -0.7 to -0.6 | 305 | 4.5% | |
| -0.6 to -0.5 | 305 | 4.5% | |
| -0.5 to -0.4 | 216 | 3.2% | |
| -0.4 to -0.3 | 215 | 3.2% | |
| -0.3 to -0.2 | 201 | 3.0% | |
| -0.2 to -0.1 | 201 | 3.0% | |
| -0.1 to 0.0 | 179 | 2.6% | |
| 0.0 to 0.1 | 179 | 2.6% | |
| 0.1 to 0.2 | 184 | 2.7% | |
| 0.2 to 0.3 | 183 | 2.7% | |
| 0.3 to 0.4 | 263 | 3.9% | |
| 0.4 to 0.5 | 263 | 3.9% | |
| 0.5 to 0.6 | 399 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 902 | 13.3% | |
| 0.8 to 0.9 | 901 | 13.3% | |
| 0.9 to 1.0 | 1,159 | 17.1% |
Frequently asked questions
What is the average correlation of PTIX?
Performance Technologies Inc (PTIX) has an average correlation of about 0.355 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is PTIX positively correlated with other stocks?
Mostly yes — 71.1% of pairs are positive and 28.9% are negative. Strong positive correlations (≥0.7) make up 43.6%.
What is the most common correlation range for PTIX?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for PTIX.
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