Rand Capital Corp (RAND) Correlation Distribution
Across 6,625 rolling correlation observations between Rand Capital Corp (RAND) and other NASDAQ-listed stocks, 63.7% are positive and 36.3% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.153, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,625
- Mean correlation
- 0.153
- Most common range
- -0.1 to 0.0
- Positive pairs
- 63.7%
- Strong positive (≥0.7)
- 4.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 83 | 1.3% | |
| -0.6 to -0.5 | 83 | 1.3% | |
| -0.5 to -0.4 | 221 | 3.3% | |
| -0.4 to -0.3 | 220 | 3.3% | |
| -0.3 to -0.2 | 530 | 8.0% | |
| -0.2 to -0.1 | 530 | 8.0% | |
| -0.1 to 0.0 | 704 | 10.6% | |
| 0.0 to 0.1 | 704 | 10.6% | |
| 0.1 to 0.2 | 541 | 8.2% | |
| 0.2 to 0.3 | 541 | 8.2% | |
| 0.3 to 0.4 | 531 | 8.0% | |
| 0.4 to 0.5 | 531 | 8.0% | |
| 0.5 to 0.6 | 535 | 8.1% | |
| 0.6 to 0.7 | 534 | 8.1% | |
| 0.7 to 0.8 | 153 | 2.3% | |
| 0.8 to 0.9 | 152 | 2.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of RAND?
Rand Capital Corp (RAND) has an average correlation of about 0.153 with other NASDAQ stocks, based on 6,625 pairwise observations.
Is RAND positively correlated with other stocks?
Mostly yes — 63.7% of pairs are positive and 36.3% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for RAND?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 53.6% of all pairs.
Explore the full interactive correlation distribution for RAND.
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