TRCA (TRCA) Correlation Distribution
Across 6,022 rolling correlation observations between TRCA (TRCA) and other NASDAQ-listed stocks, 28.2% are positive and 71.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.1, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,022
- Mean correlation
- -0.1
- Most common range
- -0.3 to -0.2
- Positive pairs
- 28.2%
- Strong positive (≥0.7)
- 0.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 22 | 0.4% | |
| -0.6 to -0.5 | 22 | 0.4% | |
| -0.5 to -0.4 | 436 | 7.2% | |
| -0.4 to -0.3 | 436 | 7.2% | |
| -0.3 to -0.2 | 1,482 | 24.6% | |
| -0.2 to -0.1 | 1,481 | 24.6% | |
| -0.1 to 0.0 | 429 | 7.1% | |
| 0.0 to 0.1 | 428 | 7.1% | |
| 0.1 to 0.2 | 373 | 6.2% | |
| 0.2 to 0.3 | 372 | 6.2% | |
| 0.3 to 0.4 | 235 | 3.9% | |
| 0.4 to 0.5 | 235 | 3.9% | |
| 0.5 to 0.6 | 18 | 0.3% | |
| 0.6 to 0.7 | 18 | 0.3% | |
| 0.7 to 0.8 | 5 | 0.1% | |
| 0.8 to 0.9 | 5 | 0.1% | |
| 0.9 to 1.0 | 10 | 0.2% |
Frequently asked questions
What is the average correlation of TRCA?
TRCA (TRCA) has an average correlation of about -0.1 with other NASDAQ stocks, based on 6,022 pairwise observations.
Is TRCA positively correlated with other stocks?
Not predominantly — 28.2% of pairs are positive and 71.8% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for TRCA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 75.8% of all pairs.
Explore the full interactive correlation distribution for TRCA.
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