Remitly Global, Inc. Common Stock (RELY) Correlation Distribution
Across 6,801 rolling correlation observations between Remitly Global, Inc. Common Stock (RELY) 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 0.104, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,801
- Mean correlation
- 0.104
- Most common range
- 0.1 to 0.2
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 1%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 104 | 1.5% | |
| -0.6 to -0.5 | 104 | 1.5% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 235 | 3.5% | |
| -0.3 to -0.2 | 433 | 6.4% | |
| -0.2 to -0.1 | 432 | 6.4% | |
| -0.1 to 0.0 | 726 | 10.7% | |
| 0.0 to 0.1 | 726 | 10.7% | |
| 0.1 to 0.2 | 1,013 | 14.9% | |
| 0.2 to 0.3 | 1,013 | 14.9% | |
| 0.3 to 0.4 | 665 | 9.8% | |
| 0.4 to 0.5 | 664 | 9.8% | |
| 0.5 to 0.6 | 183 | 2.7% | |
| 0.6 to 0.7 | 183 | 2.7% | |
| 0.7 to 0.8 | 31 | 0.5% | |
| 0.8 to 0.9 | 30 | 0.4% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of RELY?
Remitly Global, Inc. Common Stock (RELY) has an average correlation of about 0.104 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is RELY 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 1%.
What is the most common correlation range for RELY?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 63.9% of all pairs.
Explore the full interactive correlation distribution for RELY.
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