QFTA (QFTA) Correlation Distribution
Across 6,299 rolling correlation observations between QFTA (QFTA) and other NASDAQ-listed stocks, 46.8% are positive and 53.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.5% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,299
- Mean correlation
- -0.03
- Most common range
- -0.1 to 0.0
- Positive pairs
- 46.8%
- Strong positive (≥0.7)
- 0.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 14 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 85 | 1.3% | |
| -0.6 to -0.5 | 84 | 1.3% | |
| -0.5 to -0.4 | 284 | 4.5% | |
| -0.4 to -0.3 | 284 | 4.5% | |
| -0.3 to -0.2 | 537 | 8.5% | |
| -0.2 to -0.1 | 536 | 8.5% | |
| -0.1 to 0.0 | 1,514 | 24.0% | |
| 0.0 to 0.1 | 1,513 | 24.0% | |
| 0.1 to 0.2 | 552 | 8.8% | |
| 0.2 to 0.3 | 552 | 8.8% | |
| 0.3 to 0.4 | 125 | 2.0% | |
| 0.4 to 0.5 | 124 | 2.0% | |
| 0.5 to 0.6 | 25 | 0.4% | |
| 0.6 to 0.7 | 24 | 0.4% | |
| 0.7 to 0.8 | 9 | 0.1% | |
| 0.8 to 0.9 | 8 | 0.1% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of QFTA?
QFTA (QFTA) has an average correlation of about -0.03 with other NASDAQ stocks, based on 6,299 pairwise observations.
Is QFTA positively correlated with other stocks?
Not predominantly — 46.8% of pairs are positive and 53.2% are negative. Strong positive correlations (≥0.7) make up 0.5%.
What is the most common correlation range for QFTA?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 82.6% of all pairs.
Explore the full interactive correlation distribution for QFTA.
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