RRAC (RRAC) Correlation Distribution
Across 6,519 rolling correlation observations between RRAC (RRAC) and other NASDAQ-listed stocks, 36.7% are positive and 63.3% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.164, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 28%.
- Total observations
- 6,519
- Mean correlation
- -0.164
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.7%
- Strong positive (≥0.7)
- 16.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 311 | 4.8% | |
| -0.9 to -0.8 | 759 | 11.6% | |
| -0.8 to -0.7 | 758 | 11.6% | |
| -0.7 to -0.6 | 502 | 7.7% | |
| -0.6 to -0.5 | 502 | 7.7% | |
| -0.5 to -0.4 | 328 | 5.0% | |
| -0.4 to -0.3 | 327 | 5.0% | |
| -0.3 to -0.2 | 230 | 3.5% | |
| -0.2 to -0.1 | 230 | 3.5% | |
| -0.1 to 0.0 | 182 | 2.8% | |
| 0.0 to 0.1 | 181 | 2.8% | |
| 0.1 to 0.2 | 163 | 2.5% | |
| 0.2 to 0.3 | 163 | 2.5% | |
| 0.3 to 0.4 | 174 | 2.7% | |
| 0.4 to 0.5 | 173 | 2.7% | |
| 0.5 to 0.6 | 234 | 3.6% | |
| 0.6 to 0.7 | 234 | 3.6% | |
| 0.7 to 0.8 | 338 | 5.2% | |
| 0.8 to 0.9 | 337 | 5.2% | |
| 0.9 to 1.0 | 393 | 6.0% |
Frequently asked questions
What is the average correlation of RRAC?
RRAC (RRAC) has an average correlation of about -0.164 with other NASDAQ stocks, based on 6,519 pairwise observations.
Is RRAC positively correlated with other stocks?
Not predominantly — 36.7% of pairs are positive and 63.3% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for RRAC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.6% of all pairs.
Explore the full interactive correlation distribution for RRAC.
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