TCJH (TCJH) Correlation Distribution
Across 5,988 rolling correlation observations between TCJH (TCJH) and other NASDAQ-listed stocks, 46.9% are positive and 53.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.7% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 5,988
- Mean correlation
- -0.005
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.9%
- Strong positive (≥0.7)
- 4.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.4% | |
| -0.7 to -0.6 | 521 | 8.7% | |
| -0.6 to -0.5 | 520 | 8.7% | |
| -0.5 to -0.4 | 544 | 9.1% | |
| -0.4 to -0.3 | 543 | 9.1% | |
| -0.3 to -0.2 | 366 | 6.1% | |
| -0.2 to -0.1 | 366 | 6.1% | |
| -0.1 to 0.0 | 272 | 4.5% | |
| 0.0 to 0.1 | 271 | 4.5% | |
| 0.1 to 0.2 | 278 | 4.6% | |
| 0.2 to 0.3 | 277 | 4.6% | |
| 0.3 to 0.4 | 365 | 6.1% | |
| 0.4 to 0.5 | 364 | 6.1% | |
| 0.5 to 0.6 | 487 | 8.1% | |
| 0.6 to 0.7 | 487 | 8.1% | |
| 0.7 to 0.8 | 140 | 2.3% | |
| 0.8 to 0.9 | 140 | 2.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of TCJH?
TCJH (TCJH) has an average correlation of about -0.005 with other NASDAQ stocks, based on 5,988 pairwise observations.
Is TCJH positively correlated with other stocks?
Not predominantly — 46.9% of pairs are positive and 53.1% are negative. Strong positive correlations (≥0.7) make up 4.7%.
What is the most common correlation range for TCJH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 30.6% of all pairs.
Explore the full interactive correlation distribution for TCJH.
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