RMGCU (RMGCU) Correlation Distribution
Across 5,940 rolling correlation observations between RMGCU (RMGCU) and other NASDAQ-listed stocks, 27.9% are positive and 72.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.166, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.4% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 5,940
- Mean correlation
- -0.166
- Most common range
- -0.5 to -0.4
- Positive pairs
- 27.9%
- Strong positive (≥0.7)
- 1.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 43 | 0.7% | |
| -0.8 to -0.7 | 43 | 0.7% | |
| -0.7 to -0.6 | 397 | 6.7% | |
| -0.6 to -0.5 | 397 | 6.7% | |
| -0.5 to -0.4 | 800 | 13.5% | |
| -0.4 to -0.3 | 799 | 13.5% | |
| -0.3 to -0.2 | 674 | 11.3% | |
| -0.2 to -0.1 | 673 | 11.3% | |
| -0.1 to 0.0 | 454 | 7.6% | |
| 0.0 to 0.1 | 454 | 7.6% | |
| 0.1 to 0.2 | 246 | 4.1% | |
| 0.2 to 0.3 | 246 | 4.1% | |
| 0.3 to 0.4 | 189 | 3.2% | |
| 0.4 to 0.5 | 189 | 3.2% | |
| 0.5 to 0.6 | 127 | 2.1% | |
| 0.6 to 0.7 | 127 | 2.1% | |
| 0.7 to 0.8 | 40 | 0.7% | |
| 0.8 to 0.9 | 40 | 0.7% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of RMGCU?
RMGCU (RMGCU) has an average correlation of about -0.166 with other NASDAQ stocks, based on 5,940 pairwise observations.
Is RMGCU positively correlated with other stocks?
Not predominantly — 27.9% of pairs are positive and 72.1% are negative. Strong positive correlations (≥0.7) make up 1.4%.
What is the most common correlation range for RMGCU?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 46.2% of all pairs.
Explore the full interactive correlation distribution for RMGCU.
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