Roku, Inc. Class A Common Stock (ROKU) Correlation Distribution
Across 6,809 rolling correlation observations between Roku, Inc. Class A Common Stock (ROKU) and other NASDAQ-listed stocks, 68.5% are positive and 31.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 34.3% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.308
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.5%
- Strong positive (≥0.7)
- 34.3%
- Sector
- Cable & Other Pay Television Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 229 | 3.4% | |
| -0.6 to -0.5 | 229 | 3.4% | |
| -0.5 to -0.4 | 330 | 4.8% | |
| -0.4 to -0.3 | 330 | 4.8% | |
| -0.3 to -0.2 | 335 | 4.9% | |
| -0.2 to -0.1 | 334 | 4.9% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 288 | 4.2% | |
| 0.1 to 0.2 | 284 | 4.2% | |
| 0.2 to 0.3 | 284 | 4.2% | |
| 0.3 to 0.4 | 295 | 4.3% | |
| 0.4 to 0.5 | 295 | 4.3% | |
| 0.5 to 0.6 | 443 | 6.5% | |
| 0.6 to 0.7 | 443 | 6.5% | |
| 0.7 to 0.8 | 905 | 13.3% | |
| 0.8 to 0.9 | 904 | 13.3% | |
| 0.9 to 1.0 | 524 | 7.7% |
Frequently asked questions
What is the average correlation of ROKU?
Roku, Inc. Class A Common Stock (ROKU) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ROKU positively correlated with other stocks?
Mostly yes — 68.5% of pairs are positive and 31.5% are negative. Strong positive correlations (≥0.7) make up 34.3%.
What is the most common correlation range for ROKU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for ROKU.
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