Rent the Runway, Inc. Class A Common Stock (RENT) Correlation Distribution
Across 6,797 rolling correlation observations between Rent the Runway, Inc. Class A Common Stock (RENT) and other NASDAQ-listed stocks, 70.1% are positive and 29.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.32, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.8% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,797
- Mean correlation
- 0.32
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.1%
- Strong positive (≥0.7)
- 36.8%
- Sector
- Retail-Retail Stores, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.1% | |
| -0.8 to -0.7 | 77 | 1.1% | |
| -0.7 to -0.6 | 307 | 4.5% | |
| -0.6 to -0.5 | 306 | 4.5% | |
| -0.5 to -0.4 | 302 | 4.4% | |
| -0.4 to -0.3 | 301 | 4.4% | |
| -0.3 to -0.2 | 226 | 3.3% | |
| -0.2 to -0.1 | 226 | 3.3% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 289 | 4.3% | |
| 0.4 to 0.5 | 289 | 4.3% | |
| 0.5 to 0.6 | 495 | 7.3% | |
| 0.6 to 0.7 | 494 | 7.3% | |
| 0.7 to 0.8 | 989 | 14.6% | |
| 0.8 to 0.9 | 989 | 14.6% | |
| 0.9 to 1.0 | 524 | 7.7% |
Frequently asked questions
What is the average correlation of RENT?
Rent the Runway, Inc. Class A Common Stock (RENT) has an average correlation of about 0.32 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is RENT positively correlated with other stocks?
Mostly yes — 70.1% of pairs are positive and 29.9% are negative. Strong positive correlations (≥0.7) make up 36.8%.
What is the most common correlation range for RENT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for RENT.
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