PWFL (PWFL) Correlation Distribution
Across 6,696 rolling correlation observations between PWFL (PWFL) and other NASDAQ-listed stocks, 69.5% are positive and 30.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.295, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 30.6% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,696
- Mean correlation
- 0.295
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.5%
- Strong positive (≥0.7)
- 30.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 193 | 2.9% | |
| -0.6 to -0.5 | 192 | 2.9% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 337 | 5.0% | |
| -0.2 to -0.1 | 337 | 5.0% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 302 | 4.5% | |
| 0.2 to 0.3 | 302 | 4.5% | |
| 0.3 to 0.4 | 353 | 5.3% | |
| 0.4 to 0.5 | 352 | 5.3% | |
| 0.5 to 0.6 | 501 | 7.5% | |
| 0.6 to 0.7 | 501 | 7.5% | |
| 0.7 to 0.8 | 954 | 14.2% | |
| 0.8 to 0.9 | 954 | 14.2% | |
| 0.9 to 1.0 | 144 | 2.2% |
Frequently asked questions
What is the average correlation of PWFL?
PWFL (PWFL) has an average correlation of about 0.295 with other NASDAQ stocks, based on 6,696 pairwise observations.
Is PWFL positively correlated with other stocks?
Mostly yes — 69.5% of pairs are positive and 30.5% are negative. Strong positive correlations (≥0.7) make up 30.6%.
What is the most common correlation range for PWFL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for PWFL.
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