Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) Correlation Distribution
Across 6,675 rolling correlation observations between Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.34, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,675
- Mean correlation
- 0.34
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 34.4%
- Sector
- Misc Industrial & Commercial Machinery & Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.8% | |
| -0.7 to -0.6 | 228 | 3.4% | |
| -0.6 to -0.5 | 227 | 3.4% | |
| -0.5 to -0.4 | 248 | 3.7% | |
| -0.4 to -0.3 | 248 | 3.7% | |
| -0.3 to -0.2 | 226 | 3.4% | |
| -0.2 to -0.1 | 225 | 3.4% | |
| -0.1 to 0.0 | 248 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.7% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 262 | 3.9% | |
| 0.3 to 0.4 | 373 | 5.6% | |
| 0.4 to 0.5 | 372 | 5.6% | |
| 0.5 to 0.6 | 555 | 8.3% | |
| 0.6 to 0.7 | 554 | 8.3% | |
| 0.7 to 0.8 | 1,127 | 16.9% | |
| 0.8 to 0.9 | 1,127 | 16.9% | |
| 0.9 to 1.0 | 41 | 0.6% |
Frequently asked questions
What is the average correlation of RAIN?
Rain Enhancement Technologies Holdco, Inc. Class A Common Stock (RAIN) has an average correlation of about 0.34 with other NASDAQ stocks, based on 6,675 pairwise observations.
Is RAIN positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 34.4%.
What is the most common correlation range for RAIN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.1% of all pairs.
Explore the full interactive correlation distribution for RAIN.
Open interactive dashboard →