STRCW (STRCW) Correlation Distribution
Across 6,228 rolling correlation observations between STRCW (STRCW) and other NASDAQ-listed stocks, 75.9% are positive and 24.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.393, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 44.8% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,228
- Mean correlation
- 0.393
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.9%
- Strong positive (≥0.7)
- 44.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 129 | 2.1% | |
| -0.8 to -0.7 | 128 | 2.1% | |
| -0.7 to -0.6 | 204 | 3.3% | |
| -0.6 to -0.5 | 203 | 3.3% | |
| -0.5 to -0.4 | 194 | 3.1% | |
| -0.4 to -0.3 | 193 | 3.1% | |
| -0.3 to -0.2 | 153 | 2.5% | |
| -0.2 to -0.1 | 152 | 2.4% | |
| -0.1 to 0.0 | 142 | 2.3% | |
| 0.0 to 0.1 | 141 | 2.3% | |
| 0.1 to 0.2 | 180 | 2.9% | |
| 0.2 to 0.3 | 179 | 2.9% | |
| 0.3 to 0.4 | 245 | 3.9% | |
| 0.4 to 0.5 | 245 | 3.9% | |
| 0.5 to 0.6 | 475 | 7.6% | |
| 0.6 to 0.7 | 475 | 7.6% | |
| 0.7 to 0.8 | 1,246 | 20.0% | |
| 0.8 to 0.9 | 1,246 | 20.0% | |
| 0.9 to 1.0 | 297 | 4.8% |
Frequently asked questions
What is the average correlation of STRCW?
STRCW (STRCW) has an average correlation of about 0.393 with other NASDAQ stocks, based on 6,228 pairwise observations.
Is STRCW positively correlated with other stocks?
Mostly yes — 75.9% of pairs are positive and 24.1% are negative. Strong positive correlations (≥0.7) make up 44.8%.
What is the most common correlation range for STRCW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.2% of all pairs.
Explore the full interactive correlation distribution for STRCW.
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