Arcadia Biosciences, Inc. (RKDA) Correlation Distribution
Across 6,809 rolling correlation observations between Arcadia Biosciences, Inc. (RKDA) and other NASDAQ-listed stocks, 64.8% are positive and 35.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34.7% and strong negative correlations (≤−0.7) for 9.2%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.8%
- Strong positive (≥0.7)
- 34.7%
- Sector
- Crude Petroleum & Natural Gas
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 29 | 0.4% | |
| -0.9 to -0.8 | 299 | 4.4% | |
| -0.8 to -0.7 | 299 | 4.4% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 318 | 4.7% | |
| -0.5 to -0.4 | 245 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 214 | 3.1% | |
| 0.0 to 0.1 | 213 | 3.1% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 255 | 3.7% | |
| 0.4 to 0.5 | 255 | 3.7% | |
| 0.5 to 0.6 | 428 | 6.3% | |
| 0.6 to 0.7 | 427 | 6.3% | |
| 0.7 to 0.8 | 869 | 12.8% | |
| 0.8 to 0.9 | 868 | 12.7% | |
| 0.9 to 1.0 | 628 | 9.2% |
Frequently asked questions
What is the average correlation of RKDA?
Arcadia Biosciences, Inc. (RKDA) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RKDA positively correlated with other stocks?
Mostly yes — 64.8% of pairs are positive and 35.2% are negative. Strong positive correlations (≥0.7) make up 34.7%.
What is the most common correlation range for RKDA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for RKDA.
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