Reborn Coffee, Inc. Common Stock (REBN) Correlation Distribution
Across 6,605 rolling correlation observations between Reborn Coffee, Inc. Common Stock (REBN) and other NASDAQ-listed stocks, 56.6% are positive and 43.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.116, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.1% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,605
- Mean correlation
- 0.116
- Most common range
- 0.7 to 0.8
- Positive pairs
- 56.6%
- Strong positive (≥0.7)
- 16.1%
- Sector
- Retail-Eating Places
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.7% | |
| -0.8 to -0.7 | 49 | 0.7% | |
| -0.7 to -0.6 | 435 | 6.6% | |
| -0.6 to -0.5 | 434 | 6.6% | |
| -0.5 to -0.4 | 465 | 7.0% | |
| -0.4 to -0.3 | 464 | 7.0% | |
| -0.3 to -0.2 | 329 | 5.0% | |
| -0.2 to -0.1 | 329 | 5.0% | |
| -0.1 to 0.0 | 310 | 4.7% | |
| 0.0 to 0.1 | 309 | 4.7% | |
| 0.1 to 0.2 | 329 | 5.0% | |
| 0.2 to 0.3 | 328 | 5.0% | |
| 0.3 to 0.4 | 374 | 5.7% | |
| 0.4 to 0.5 | 374 | 5.7% | |
| 0.5 to 0.6 | 482 | 7.3% | |
| 0.6 to 0.7 | 482 | 7.3% | |
| 0.7 to 0.8 | 488 | 7.4% | |
| 0.8 to 0.9 | 487 | 7.4% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of REBN?
Reborn Coffee, Inc. Common Stock (REBN) has an average correlation of about 0.116 with other NASDAQ stocks, based on 6,605 pairwise observations.
Is REBN positively correlated with other stocks?
Mostly yes — 56.6% of pairs are positive and 43.4% are negative. Strong positive correlations (≥0.7) make up 16.1%.
What is the most common correlation range for REBN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29.3% of all pairs.
Explore the full interactive correlation distribution for REBN.
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