Richardson Electronics Ltd (RELL) Correlation Distribution
Across 6,809 rolling correlation observations between Richardson Electronics Ltd (RELL) and other NASDAQ-listed stocks, 39.2% are positive and 60.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.107, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,809
- Mean correlation
- -0.107
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39.2%
- Strong positive (≥0.7)
- 2.5%
- Sector
- Wholesale-Electronic Parts & Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 72 | 1.1% | |
| -0.7 to -0.6 | 624 | 9.2% | |
| -0.6 to -0.5 | 624 | 9.2% | |
| -0.5 to -0.4 | 611 | 9.0% | |
| -0.4 to -0.3 | 611 | 9.0% | |
| -0.3 to -0.2 | 508 | 7.5% | |
| -0.2 to -0.1 | 507 | 7.4% | |
| -0.1 to 0.0 | 511 | 7.5% | |
| 0.0 to 0.1 | 510 | 7.5% | |
| 0.1 to 0.2 | 458 | 6.7% | |
| 0.2 to 0.3 | 457 | 6.7% | |
| 0.3 to 0.4 | 340 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 198 | 2.9% | |
| 0.6 to 0.7 | 197 | 2.9% | |
| 0.7 to 0.8 | 83 | 1.2% | |
| 0.8 to 0.9 | 82 | 1.2% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of RELL?
Richardson Electronics Ltd (RELL) has an average correlation of about -0.107 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RELL positively correlated with other stocks?
Not predominantly — 39.2% of pairs are positive and 60.8% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for RELL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 43.3% of all pairs.
Explore the full interactive correlation distribution for RELL.
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