PubMatic, Inc. Class A Common Stock (PUBM) Correlation Distribution
Across 6,808 rolling correlation observations between PubMatic, Inc. Class A Common Stock (PUBM) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 31.5% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,808
- Mean correlation
- 0.308
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 31.5%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 31 | 0.5% | |
| -0.8 to -0.7 | 30 | 0.4% | |
| -0.7 to -0.6 | 213 | 3.1% | |
| -0.6 to -0.5 | 213 | 3.1% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 308 | 4.5% | |
| -0.2 to -0.1 | 307 | 4.5% | |
| -0.1 to 0.0 | 287 | 4.2% | |
| 0.0 to 0.1 | 286 | 4.2% | |
| 0.1 to 0.2 | 280 | 4.1% | |
| 0.2 to 0.3 | 280 | 4.1% | |
| 0.3 to 0.4 | 331 | 4.9% | |
| 0.4 to 0.5 | 330 | 4.8% | |
| 0.5 to 0.6 | 569 | 8.4% | |
| 0.6 to 0.7 | 568 | 8.3% | |
| 0.7 to 0.8 | 1,064 | 15.6% | |
| 0.8 to 0.9 | 1,064 | 15.6% | |
| 0.9 to 1.0 | 16 | 0.2% |
Frequently asked questions
What is the average correlation of PUBM?
PubMatic, Inc. Class A Common Stock (PUBM) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is PUBM positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 31.5%.
What is the most common correlation range for PUBM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.7% of all pairs.
Explore the full interactive correlation distribution for PUBM.
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