RCM Technologies Inc (RCMT) Correlation Distribution
Across 6,809 rolling correlation observations between RCM Technologies Inc (RCMT) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.208, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.4% and strong negative correlations (≤−0.7) for 25.4%.
- Total observations
- 6,809
- Mean correlation
- -0.208
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 6.4%
- Sector
- Services-Help Supply Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 862 | 12.7% | |
| -0.8 to -0.7 | 862 | 12.7% | |
| -0.7 to -0.6 | 598 | 8.8% | |
| -0.6 to -0.5 | 598 | 8.8% | |
| -0.5 to -0.4 | 341 | 5.0% | |
| -0.4 to -0.3 | 340 | 5.0% | |
| -0.3 to -0.2 | 287 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 240 | 3.5% | |
| 0.0 to 0.1 | 239 | 3.5% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 343 | 5.0% | |
| 0.6 to 0.7 | 342 | 5.0% | |
| 0.7 to 0.8 | 216 | 3.2% | |
| 0.8 to 0.9 | 216 | 3.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of RCMT?
RCM Technologies Inc (RCMT) has an average correlation of about -0.208 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RCMT positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 6.4%.
What is the most common correlation range for RCMT?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for RCMT.
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