USAP (USAP) Correlation Distribution
Across 6,801 rolling correlation observations between USAP (USAP) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 4.2%.
- Total observations
- 6,801
- Mean correlation
- -0.028
- Most common range
- -0.5 to -0.4
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 14.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 142 | 2.1% | |
| -0.8 to -0.7 | 141 | 2.1% | |
| -0.7 to -0.6 | 466 | 6.9% | |
| -0.6 to -0.5 | 466 | 6.9% | |
| -0.5 to -0.4 | 829 | 12.2% | |
| -0.4 to -0.3 | 829 | 12.2% | |
| -0.3 to -0.2 | 443 | 6.5% | |
| -0.2 to -0.1 | 443 | 6.5% | |
| -0.1 to 0.0 | 296 | 4.4% | |
| 0.0 to 0.1 | 295 | 4.3% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 229 | 3.4% | |
| 0.5 to 0.6 | 283 | 4.2% | |
| 0.6 to 0.7 | 282 | 4.1% | |
| 0.7 to 0.8 | 376 | 5.5% | |
| 0.8 to 0.9 | 375 | 5.5% | |
| 0.9 to 1.0 | 246 | 3.6% |
Frequently asked questions
What is the average correlation of USAP?
USAP (USAP) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is USAP positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for USAP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for USAP.
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