Ribbon Communications Inc. Common Stock (RBBN) Correlation Distribution
Across 6,809 rolling correlation observations between Ribbon Communications Inc. Common Stock (RBBN) and other NASDAQ-listed stocks, 70.9% are positive and 29.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.313, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,809
- Mean correlation
- 0.313
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.9%
- Strong positive (≥0.7)
- 28.9%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 11 | 0.2% | |
| -0.7 to -0.6 | 146 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 307 | 4.5% | |
| -0.4 to -0.3 | 306 | 4.5% | |
| -0.3 to -0.2 | 374 | 5.5% | |
| -0.2 to -0.1 | 373 | 5.5% | |
| -0.1 to 0.0 | 307 | 4.5% | |
| 0.0 to 0.1 | 307 | 4.5% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 399 | 5.9% | |
| 0.4 to 0.5 | 399 | 5.9% | |
| 0.5 to 0.6 | 560 | 8.2% | |
| 0.6 to 0.7 | 560 | 8.2% | |
| 0.7 to 0.8 | 909 | 13.3% | |
| 0.8 to 0.9 | 908 | 13.3% | |
| 0.9 to 1.0 | 154 | 2.3% |
Frequently asked questions
What is the average correlation of RBBN?
Ribbon Communications Inc. Common Stock (RBBN) has an average correlation of about 0.313 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RBBN positively correlated with other stocks?
Mostly yes — 70.9% of pairs are positive and 29.1% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for RBBN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for RBBN.
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