Redwire Corporation (RDW) Correlation Distribution
Across 6,804 rolling correlation observations between Redwire Corporation (RDW) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.185, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,804
- Mean correlation
- 0.185
- Most common range
- 0.1 to 0.2
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 12.5%
- Sector
- Guided Missiles & Space Vehicles & Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 22 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 180 | 2.6% | |
| -0.6 to -0.5 | 180 | 2.6% | |
| -0.5 to -0.4 | 281 | 4.1% | |
| -0.4 to -0.3 | 281 | 4.1% | |
| -0.3 to -0.2 | 400 | 5.9% | |
| -0.2 to -0.1 | 399 | 5.9% | |
| -0.1 to 0.0 | 528 | 7.8% | |
| 0.0 to 0.1 | 527 | 7.7% | |
| 0.1 to 0.2 | 617 | 9.1% | |
| 0.2 to 0.3 | 617 | 9.1% | |
| 0.3 to 0.4 | 470 | 6.9% | |
| 0.4 to 0.5 | 469 | 6.9% | |
| 0.5 to 0.6 | 479 | 7.0% | |
| 0.6 to 0.7 | 479 | 7.0% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 108 | 1.6% |
Frequently asked questions
What is the average correlation of RDW?
Redwire Corporation (RDW) has an average correlation of about 0.185 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is RDW positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 12.5%.
What is the most common correlation range for RDW?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 45.4% of all pairs.
Explore the full interactive correlation distribution for RDW.
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