RumbleOn, Inc. Class B Common Stock (RMBL) Correlation Distribution
Across 6,809 rolling correlation observations between RumbleOn, Inc. Class B Common Stock (RMBL) and other NASDAQ-listed stocks, 69% are positive and 31% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.5% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69%
- Strong positive (≥0.7)
- 38.5%
- Sector
- Services-Computer Programming Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 202 | 3.0% | |
| -0.8 to -0.7 | 202 | 3.0% | |
| -0.7 to -0.6 | 338 | 5.0% | |
| -0.6 to -0.5 | 338 | 5.0% | |
| -0.5 to -0.4 | 219 | 3.2% | |
| -0.4 to -0.3 | 219 | 3.2% | |
| -0.3 to -0.2 | 200 | 2.9% | |
| -0.2 to -0.1 | 199 | 2.9% | |
| -0.1 to 0.0 | 197 | 2.9% | |
| 0.0 to 0.1 | 197 | 2.9% | |
| 0.1 to 0.2 | 206 | 3.0% | |
| 0.2 to 0.3 | 205 | 3.0% | |
| 0.3 to 0.4 | 271 | 4.0% | |
| 0.4 to 0.5 | 271 | 4.0% | |
| 0.5 to 0.6 | 463 | 6.8% | |
| 0.6 to 0.7 | 463 | 6.8% | |
| 0.7 to 0.8 | 1,088 | 16.0% | |
| 0.8 to 0.9 | 1,087 | 16.0% | |
| 0.9 to 1.0 | 444 | 6.5% |
Frequently asked questions
What is the average correlation of RMBL?
RumbleOn, Inc. Class B Common Stock (RMBL) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RMBL positively correlated with other stocks?
Mostly yes — 69% of pairs are positive and 31% are negative. Strong positive correlations (≥0.7) make up 38.5%.
What is the most common correlation range for RMBL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.7% of all pairs.
Explore the full interactive correlation distribution for RMBL.
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