PXSAP (PXSAP) Correlation Distribution
Across 6,679 rolling correlation observations between PXSAP (PXSAP) and other NASDAQ-listed stocks, 30.4% are positive and 69.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.223, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4% and strong negative correlations (≤−0.7) for 14.6%.
- Total observations
- 6,679
- Mean correlation
- -0.223
- Most common range
- -0.7 to -0.6
- Positive pairs
- 30.4%
- Strong positive (≥0.7)
- 4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 31 | 0.5% | |
| -0.9 to -0.8 | 471 | 7.1% | |
| -0.8 to -0.7 | 470 | 7.0% | |
| -0.7 to -0.6 | 866 | 13.0% | |
| -0.6 to -0.5 | 866 | 13.0% | |
| -0.5 to -0.4 | 545 | 8.2% | |
| -0.4 to -0.3 | 544 | 8.1% | |
| -0.3 to -0.2 | 316 | 4.7% | |
| -0.2 to -0.1 | 315 | 4.7% | |
| -0.1 to 0.0 | 224 | 3.4% | |
| 0.0 to 0.1 | 223 | 3.3% | |
| 0.1 to 0.2 | 179 | 2.7% | |
| 0.2 to 0.3 | 178 | 2.7% | |
| 0.3 to 0.4 | 248 | 3.7% | |
| 0.4 to 0.5 | 247 | 3.7% | |
| 0.5 to 0.6 | 345 | 5.2% | |
| 0.6 to 0.7 | 345 | 5.2% | |
| 0.7 to 0.8 | 131 | 2.0% | |
| 0.8 to 0.9 | 131 | 2.0% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of PXSAP?
PXSAP (PXSAP) has an average correlation of about -0.223 with other NASDAQ stocks, based on 6,679 pairwise observations.
Is PXSAP positively correlated with other stocks?
Not predominantly — 30.4% of pairs are positive and 69.6% are negative. Strong positive correlations (≥0.7) make up 4%.
What is the most common correlation range for PXSAP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.5% of all pairs.
Explore the full interactive correlation distribution for PXSAP.
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