Red Cat Holdings, Inc. Common Stock (RCAT) Correlation Distribution
Across 6,806 rolling correlation observations between Red Cat Holdings, Inc. Common Stock (RCAT) and other NASDAQ-listed stocks, 57% are positive and 43% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.11, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,806
- Mean correlation
- 0.11
- Most common range
- -0.1 to 0.0
- Positive pairs
- 57%
- Strong positive (≥0.7)
- 9.4%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 50 | 0.7% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 169 | 2.5% | |
| -0.5 to -0.4 | 315 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 542 | 8.0% | |
| -0.2 to -0.1 | 542 | 8.0% | |
| -0.1 to 0.0 | 770 | 11.3% | |
| 0.0 to 0.1 | 770 | 11.3% | |
| 0.1 to 0.2 | 431 | 6.3% | |
| 0.2 to 0.3 | 430 | 6.3% | |
| 0.3 to 0.4 | 384 | 5.6% | |
| 0.4 to 0.5 | 383 | 5.6% | |
| 0.5 to 0.6 | 421 | 6.2% | |
| 0.6 to 0.7 | 420 | 6.2% | |
| 0.7 to 0.8 | 312 | 4.6% | |
| 0.8 to 0.9 | 311 | 4.6% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of RCAT?
Red Cat Holdings, Inc. Common Stock (RCAT) has an average correlation of about 0.11 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is RCAT positively correlated with other stocks?
Mostly yes — 57% of pairs are positive and 43% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for RCAT?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 51.2% of all pairs.
Explore the full interactive correlation distribution for RCAT.
Open interactive dashboard →