REAL BROKERAGE INC (REAX) Correlation Distribution
Across 6,806 rolling correlation observations between REAL BROKERAGE INC (REAX) and other NASDAQ-listed stocks, 48.7% are positive and 51.3% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.055, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,806
- Mean correlation
- 0.055
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.7%
- Strong positive (≥0.7)
- 12.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 87 | 1.3% | |
| -0.8 to -0.7 | 87 | 1.3% | |
| -0.7 to -0.6 | 313 | 4.6% | |
| -0.6 to -0.5 | 312 | 4.6% | |
| -0.5 to -0.4 | 483 | 7.1% | |
| -0.4 to -0.3 | 482 | 7.1% | |
| -0.3 to -0.2 | 652 | 9.6% | |
| -0.2 to -0.1 | 651 | 9.6% | |
| -0.1 to 0.0 | 419 | 6.2% | |
| 0.0 to 0.1 | 418 | 6.1% | |
| 0.1 to 0.2 | 315 | 4.6% | |
| 0.2 to 0.3 | 315 | 4.6% | |
| 0.3 to 0.4 | 310 | 4.6% | |
| 0.4 to 0.5 | 309 | 4.5% | |
| 0.5 to 0.6 | 389 | 5.7% | |
| 0.6 to 0.7 | 388 | 5.7% | |
| 0.7 to 0.8 | 425 | 6.2% | |
| 0.8 to 0.9 | 425 | 6.2% | |
| 0.9 to 1.0 | 23 | 0.3% |
Frequently asked questions
What is the average correlation of REAX?
REAL BROKERAGE INC (REAX) has an average correlation of about 0.055 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is REAX positively correlated with other stocks?
Not predominantly — 48.7% of pairs are positive and 51.3% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for REAX?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 40.7% of all pairs.
Explore the full interactive correlation distribution for REAX.
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