TROOPS, Inc. Ordinary Shares (TROO) Correlation Distribution
Across 6,794 rolling correlation observations between TROOPS, Inc. Ordinary Shares (TROO) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.152, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,794
- Mean correlation
- 0.152
- Most common range
- 0.3 to 0.4
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 1%
- Sector
- Blank Checks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 142 | 2.1% | |
| -0.6 to -0.5 | 141 | 2.1% | |
| -0.5 to -0.4 | 408 | 6.0% | |
| -0.4 to -0.3 | 407 | 6.0% | |
| -0.3 to -0.2 | 390 | 5.7% | |
| -0.2 to -0.1 | 389 | 5.7% | |
| -0.1 to 0.0 | 400 | 5.9% | |
| 0.0 to 0.1 | 399 | 5.9% | |
| 0.1 to 0.2 | 534 | 7.9% | |
| 0.2 to 0.3 | 533 | 7.8% | |
| 0.3 to 0.4 | 883 | 13.0% | |
| 0.4 to 0.5 | 883 | 13.0% | |
| 0.5 to 0.6 | 602 | 8.9% | |
| 0.6 to 0.7 | 602 | 8.9% | |
| 0.7 to 0.8 | 35 | 0.5% | |
| 0.8 to 0.9 | 34 | 0.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of TROO?
TROOPS, Inc. Ordinary Shares (TROO) has an average correlation of about 0.152 with other NASDAQ stocks, based on 6,794 pairwise observations.
Is TROO positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for TROO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 38.9% of all pairs.
Explore the full interactive correlation distribution for TROO.
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