REX American Resources Corp. (REX) Correlation Distribution
Across 6,809 rolling correlation observations between REX American Resources Corp. (REX) and other NASDAQ-listed stocks, 38.7% are positive and 61.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.087, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.6% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- -0.087
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.7%
- Strong positive (≥0.7)
- 11.6%
- Sector
- Industrial Organic Chemicals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 151 | 2.2% | |
| -0.8 to -0.7 | 150 | 2.2% | |
| -0.7 to -0.6 | 839 | 12.3% | |
| -0.6 to -0.5 | 838 | 12.3% | |
| -0.5 to -0.4 | 649 | 9.5% | |
| -0.4 to -0.3 | 648 | 9.5% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 325 | 4.8% | |
| -0.1 to 0.0 | 251 | 3.7% | |
| 0.0 to 0.1 | 251 | 3.7% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 248 | 3.6% | |
| 0.4 to 0.5 | 248 | 3.6% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 316 | 4.6% | |
| 0.7 to 0.8 | 390 | 5.7% | |
| 0.8 to 0.9 | 390 | 5.7% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of REX?
REX American Resources Corp. (REX) has an average correlation of about -0.087 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is REX positively correlated with other stocks?
Not predominantly — 38.7% of pairs are positive and 61.3% are negative. Strong positive correlations (≥0.7) make up 11.6%.
What is the most common correlation range for REX?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for REX.
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