PXDT (PXDT) Correlation Distribution
Across 5,770 rolling correlation observations between PXDT (PXDT) and other NASDAQ-listed stocks, 40.8% are positive and 59.2% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.139, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 28.9%.
- Total observations
- 5,770
- Mean correlation
- -0.139
- Most common range
- -0.9 to -0.8
- Positive pairs
- 40.8%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 251 | 4.4% | |
| -0.9 to -0.8 | 708 | 12.3% | |
| -0.8 to -0.7 | 708 | 12.3% | |
| -0.7 to -0.6 | 382 | 6.6% | |
| -0.6 to -0.5 | 381 | 6.6% | |
| -0.5 to -0.4 | 241 | 4.2% | |
| -0.4 to -0.3 | 241 | 4.2% | |
| -0.3 to -0.2 | 173 | 3.0% | |
| -0.2 to -0.1 | 173 | 3.0% | |
| -0.1 to 0.0 | 158 | 2.7% | |
| 0.0 to 0.1 | 158 | 2.7% | |
| 0.1 to 0.2 | 177 | 3.1% | |
| 0.2 to 0.3 | 177 | 3.1% | |
| 0.3 to 0.4 | 197 | 3.4% | |
| 0.4 to 0.5 | 197 | 3.4% | |
| 0.5 to 0.6 | 287 | 5.0% | |
| 0.6 to 0.7 | 287 | 5.0% | |
| 0.7 to 0.8 | 380 | 6.6% | |
| 0.8 to 0.9 | 379 | 6.6% | |
| 0.9 to 1.0 | 115 | 2.0% |
Frequently asked questions
What is the average correlation of PXDT?
PXDT (PXDT) has an average correlation of about -0.139 with other NASDAQ stocks, based on 5,770 pairwise observations.
Is PXDT positively correlated with other stocks?
Not predominantly — 40.8% of pairs are positive and 59.2% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for PXDT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for PXDT.
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