Rocket Lab Corporation Common Stock (RKLB) Correlation Distribution
Across 6,804 rolling correlation observations between Rocket Lab Corporation Common Stock (RKLB) and other NASDAQ-listed stocks, 63.8% are positive and 36.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.164, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 11.5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,804
- Mean correlation
- 0.164
- Most common range
- -0.1 to 0.0
- Positive pairs
- 63.8%
- Strong positive (≥0.7)
- 11.5%
- Sector
- Guided Missiles & Space Vehicles & Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 160 | 2.4% | |
| -0.6 to -0.5 | 160 | 2.4% | |
| -0.5 to -0.4 | 304 | 4.5% | |
| -0.4 to -0.3 | 304 | 4.5% | |
| -0.3 to -0.2 | 439 | 6.5% | |
| -0.2 to -0.1 | 438 | 6.4% | |
| -0.1 to 0.0 | 607 | 8.9% | |
| 0.0 to 0.1 | 606 | 8.9% | |
| 0.1 to 0.2 | 595 | 8.7% | |
| 0.2 to 0.3 | 594 | 8.7% | |
| 0.3 to 0.4 | 426 | 6.3% | |
| 0.4 to 0.5 | 425 | 6.2% | |
| 0.5 to 0.6 | 454 | 6.7% | |
| 0.6 to 0.7 | 454 | 6.7% | |
| 0.7 to 0.8 | 331 | 4.9% | |
| 0.8 to 0.9 | 330 | 4.9% | |
| 0.9 to 1.0 | 123 | 1.8% |
Frequently asked questions
What is the average correlation of RKLB?
Rocket Lab Corporation Common Stock (RKLB) has an average correlation of about 0.164 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is RKLB positively correlated with other stocks?
Mostly yes — 63.8% of pairs are positive and 36.2% are negative. Strong positive correlations (≥0.7) make up 11.5%.
What is the most common correlation range for RKLB?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 48.2% of all pairs.
Explore the full interactive correlation distribution for RKLB.
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