Frontier Group Holdings, Inc. Common Stock (ULCC) Correlation Distribution
Across 6,806 rolling correlation observations between Frontier Group Holdings, Inc. Common Stock (ULCC) and other NASDAQ-listed stocks, 70.7% are positive and 29.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.9% and strong negative correlations (≤−0.7) for 6.6%.
- Total observations
- 6,806
- Mean correlation
- 0.299
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.7%
- Strong positive (≥0.7)
- 35.9%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 224 | 3.3% | |
| -0.8 to -0.7 | 223 | 3.3% | |
| -0.7 to -0.6 | 290 | 4.3% | |
| -0.6 to -0.5 | 290 | 4.3% | |
| -0.5 to -0.4 | 203 | 3.0% | |
| -0.4 to -0.3 | 202 | 3.0% | |
| -0.3 to -0.2 | 183 | 2.7% | |
| -0.2 to -0.1 | 182 | 2.7% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 306 | 4.5% | |
| 0.4 to 0.5 | 305 | 4.5% | |
| 0.5 to 0.6 | 551 | 8.1% | |
| 0.6 to 0.7 | 551 | 8.1% | |
| 0.7 to 0.8 | 1,155 | 17.0% | |
| 0.8 to 0.9 | 1,155 | 17.0% | |
| 0.9 to 1.0 | 135 | 2.0% |
Frequently asked questions
What is the average correlation of ULCC?
Frontier Group Holdings, Inc. Common Stock (ULCC) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ULCC positively correlated with other stocks?
Mostly yes — 70.7% of pairs are positive and 29.3% are negative. Strong positive correlations (≥0.7) make up 35.9%.
What is the most common correlation range for ULCC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for ULCC.
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