REE Automotive Ltd. Class A Ordinary Shares (REE) Correlation Distribution
Across 6,804 rolling correlation observations between REE Automotive Ltd. Class A Ordinary Shares (REE) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.351, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.3% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,804
- Mean correlation
- 0.351
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 38.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 64 | 0.9% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 231 | 3.4% | |
| -0.6 to -0.5 | 230 | 3.4% | |
| -0.5 to -0.4 | 291 | 4.3% | |
| -0.4 to -0.3 | 291 | 4.3% | |
| -0.3 to -0.2 | 248 | 3.6% | |
| -0.2 to -0.1 | 248 | 3.6% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 230 | 3.4% | |
| 0.2 to 0.3 | 230 | 3.4% | |
| 0.3 to 0.4 | 324 | 4.8% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 478 | 7.0% | |
| 0.6 to 0.7 | 477 | 7.0% | |
| 0.7 to 0.8 | 1,003 | 14.7% | |
| 0.8 to 0.9 | 1,002 | 14.7% | |
| 0.9 to 1.0 | 603 | 8.9% |
Frequently asked questions
What is the average correlation of REE?
REE Automotive Ltd. Class A Ordinary Shares (REE) has an average correlation of about 0.351 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is REE positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 38.3%.
What is the most common correlation range for REE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.9% of all pairs.
Explore the full interactive correlation distribution for REE.
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