QLI (QLI) Correlation Distribution
Across 6,678 rolling correlation observations between QLI (QLI) and other NASDAQ-listed stocks, 72.7% are positive and 27.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.353, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.7% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,678
- Mean correlation
- 0.353
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.7%
- Strong positive (≥0.7)
- 41.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 194 | 2.9% | |
| -0.8 to -0.7 | 194 | 2.9% | |
| -0.7 to -0.6 | 249 | 3.7% | |
| -0.6 to -0.5 | 248 | 3.7% | |
| -0.5 to -0.4 | 199 | 3.0% | |
| -0.4 to -0.3 | 198 | 3.0% | |
| -0.3 to -0.2 | 179 | 2.7% | |
| -0.2 to -0.1 | 179 | 2.7% | |
| -0.1 to 0.0 | 175 | 2.6% | |
| 0.0 to 0.1 | 175 | 2.6% | |
| 0.1 to 0.2 | 206 | 3.1% | |
| 0.2 to 0.3 | 205 | 3.1% | |
| 0.3 to 0.4 | 290 | 4.3% | |
| 0.4 to 0.5 | 290 | 4.3% | |
| 0.5 to 0.6 | 452 | 6.8% | |
| 0.6 to 0.7 | 451 | 6.8% | |
| 0.7 to 0.8 | 993 | 14.9% | |
| 0.8 to 0.9 | 992 | 14.9% | |
| 0.9 to 1.0 | 801 | 12.0% |
Frequently asked questions
What is the average correlation of QLI?
QLI (QLI) has an average correlation of about 0.353 with other NASDAQ stocks, based on 6,678 pairwise observations.
Is QLI positively correlated with other stocks?
Mostly yes — 72.7% of pairs are positive and 27.3% are negative. Strong positive correlations (≥0.7) make up 41.7%.
What is the most common correlation range for QLI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.8% of all pairs.
Explore the full interactive correlation distribution for QLI.
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