TKAT (TKAT) Correlation Distribution
Across 6,275 rolling correlation observations between TKAT (TKAT) and other NASDAQ-listed stocks, 80.7% are positive and 19.3% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.331, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,275
- Mean correlation
- 0.331
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80.7%
- Strong positive (≥0.7)
- 14.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.7% | |
| -0.7 to -0.6 | 38 | 0.6% | |
| -0.6 to -0.5 | 37 | 0.6% | |
| -0.5 to -0.4 | 117 | 1.9% | |
| -0.4 to -0.3 | 117 | 1.9% | |
| -0.3 to -0.2 | 261 | 4.2% | |
| -0.2 to -0.1 | 260 | 4.1% | |
| -0.1 to 0.0 | 295 | 4.7% | |
| 0.0 to 0.1 | 295 | 4.7% | |
| 0.1 to 0.2 | 448 | 7.1% | |
| 0.2 to 0.3 | 448 | 7.1% | |
| 0.3 to 0.4 | 800 | 12.7% | |
| 0.4 to 0.5 | 800 | 12.7% | |
| 0.5 to 0.6 | 689 | 11.0% | |
| 0.6 to 0.7 | 688 | 11.0% | |
| 0.7 to 0.8 | 334 | 5.3% | |
| 0.8 to 0.9 | 334 | 5.3% | |
| 0.9 to 1.0 | 225 | 3.6% |
Frequently asked questions
What is the average correlation of TKAT?
TKAT (TKAT) has an average correlation of about 0.331 with other NASDAQ stocks, based on 6,275 pairwise observations.
Is TKAT positively correlated with other stocks?
Mostly yes — 80.7% of pairs are positive and 19.3% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for TKAT?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 32% of all pairs.
Explore the full interactive correlation distribution for TKAT.
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