Strategic Education, Inc. Common Stock (STRA) Correlation Distribution
Across 6,809 rolling correlation observations between Strategic Education, Inc. Common Stock (STRA) and other NASDAQ-listed stocks, 35.9% are positive and 64.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.122, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 1.7% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- -0.122
- Most common range
- -0.3 to -0.2
- Positive pairs
- 35.9%
- Strong positive (≥0.7)
- 1.7%
- Sector
- Services-Educational Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 467 | 6.9% | |
| -0.6 to -0.5 | 466 | 6.8% | |
| -0.5 to -0.4 | 656 | 9.6% | |
| -0.4 to -0.3 | 656 | 9.6% | |
| -0.3 to -0.2 | 685 | 10.1% | |
| -0.2 to -0.1 | 684 | 10.0% | |
| -0.1 to 0.0 | 630 | 9.3% | |
| 0.0 to 0.1 | 629 | 9.2% | |
| 0.1 to 0.2 | 492 | 7.2% | |
| 0.2 to 0.3 | 491 | 7.2% | |
| 0.3 to 0.4 | 236 | 3.5% | |
| 0.4 to 0.5 | 236 | 3.5% | |
| 0.5 to 0.6 | 120 | 1.8% | |
| 0.6 to 0.7 | 120 | 1.8% | |
| 0.7 to 0.8 | 59 | 0.9% | |
| 0.8 to 0.9 | 59 | 0.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of STRA?
Strategic Education, Inc. Common Stock (STRA) has an average correlation of about -0.122 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is STRA positively correlated with other stocks?
Not predominantly — 35.9% of pairs are positive and 64.1% are negative. Strong positive correlations (≥0.7) make up 1.7%.
What is the most common correlation range for STRA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 53% of all pairs.
Explore the full interactive correlation distribution for STRA.
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