Transact Technologies Inc (TACT) Correlation Distribution
Across 6,808 rolling correlation observations between Transact Technologies Inc (TACT) and other NASDAQ-listed stocks, 71.4% are positive and 28.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.289, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.1% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,808
- Mean correlation
- 0.289
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71.4%
- Strong positive (≥0.7)
- 21.1%
- Sector
- Computer Peripheral Equipment, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 21 | 0.3% | |
| -0.7 to -0.6 | 145 | 2.1% | |
| -0.6 to -0.5 | 145 | 2.1% | |
| -0.5 to -0.4 | 365 | 5.4% | |
| -0.4 to -0.3 | 364 | 5.3% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 300 | 4.4% | |
| 0.1 to 0.2 | 303 | 4.5% | |
| 0.2 to 0.3 | 303 | 4.5% | |
| 0.3 to 0.4 | 491 | 7.2% | |
| 0.4 to 0.5 | 490 | 7.2% | |
| 0.5 to 0.6 | 768 | 11.3% | |
| 0.6 to 0.7 | 768 | 11.3% | |
| 0.7 to 0.8 | 709 | 10.4% | |
| 0.8 to 0.9 | 708 | 10.4% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of TACT?
Transact Technologies Inc (TACT) has an average correlation of about 0.289 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is TACT positively correlated with other stocks?
Mostly yes — 71.4% of pairs are positive and 28.6% are negative. Strong positive correlations (≥0.7) make up 21.1%.
What is the most common correlation range for TACT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for TACT.
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