Recon Technology, Ltd. Class A Ordinary Shares (RCON) Correlation Distribution
Across 6,809 rolling correlation observations between Recon Technology, Ltd. Class A Ordinary Shares (RCON) and other NASDAQ-listed stocks, 71.3% are positive and 28.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,809
- Mean correlation
- 0.267
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.3%
- Strong positive (≥0.7)
- 12%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 42 | 0.6% | |
| -0.8 to -0.7 | 41 | 0.6% | |
| -0.7 to -0.6 | 103 | 1.5% | |
| -0.6 to -0.5 | 103 | 1.5% | |
| -0.5 to -0.4 | 389 | 5.7% | |
| -0.4 to -0.3 | 389 | 5.7% | |
| -0.3 to -0.2 | 301 | 4.4% | |
| -0.2 to -0.1 | 300 | 4.4% | |
| -0.1 to 0.0 | 284 | 4.2% | |
| 0.0 to 0.1 | 283 | 4.2% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 550 | 8.1% | |
| 0.4 to 0.5 | 549 | 8.1% | |
| 0.5 to 0.6 | 1,015 | 14.9% | |
| 0.6 to 0.7 | 1,014 | 14.9% | |
| 0.7 to 0.8 | 383 | 5.6% | |
| 0.8 to 0.9 | 382 | 5.6% | |
| 0.9 to 1.0 | 50 | 0.7% |
Frequently asked questions
What is the average correlation of RCON?
Recon Technology, Ltd. Class A Ordinary Shares (RCON) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RCON positively correlated with other stocks?
Mostly yes — 71.3% of pairs are positive and 28.7% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for RCON?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for RCON.
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