Rimini Street, Inc. (DE) Common Stock (RMNI) Correlation Distribution
Across 6,809 rolling correlation observations between Rimini Street, Inc. (DE) Common Stock (RMNI) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.274, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.2% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,809
- Mean correlation
- 0.274
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 25.2%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 94 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 271 | 4.0% | |
| -0.4 to -0.3 | 270 | 4.0% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 239 | 3.5% | |
| -0.1 to 0.0 | 230 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 400 | 5.9% | |
| 0.5 to 0.6 | 747 | 11.0% | |
| 0.6 to 0.7 | 746 | 11.0% | |
| 0.7 to 0.8 | 854 | 12.5% | |
| 0.8 to 0.9 | 854 | 12.5% | |
| 0.9 to 1.0 | 6 | 0.1% |
Frequently asked questions
What is the average correlation of RMNI?
Rimini Street, Inc. (DE) Common Stock (RMNI) has an average correlation of about 0.274 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is RMNI positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 25.2%.
What is the most common correlation range for RMNI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.6% of all pairs.
Explore the full interactive correlation distribution for RMNI.
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