USCTW (USCTW) Correlation Distribution
Across 5,853 rolling correlation observations between USCTW (USCTW) and other NASDAQ-listed stocks, 75.4% are positive and 24.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.38, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.8% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 5,853
- Mean correlation
- 0.38
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.4%
- Strong positive (≥0.7)
- 39.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 193 | 3.3% | |
| -0.6 to -0.5 | 192 | 3.3% | |
| -0.5 to -0.4 | 222 | 3.8% | |
| -0.4 to -0.3 | 221 | 3.8% | |
| -0.3 to -0.2 | 190 | 3.2% | |
| -0.2 to -0.1 | 189 | 3.2% | |
| -0.1 to 0.0 | 171 | 2.9% | |
| 0.0 to 0.1 | 171 | 2.9% | |
| 0.1 to 0.2 | 196 | 3.3% | |
| 0.2 to 0.3 | 196 | 3.3% | |
| 0.3 to 0.4 | 275 | 4.7% | |
| 0.4 to 0.5 | 275 | 4.7% | |
| 0.5 to 0.6 | 484 | 8.3% | |
| 0.6 to 0.7 | 483 | 8.3% | |
| 0.7 to 0.8 | 1,114 | 19.0% | |
| 0.8 to 0.9 | 1,113 | 19.0% | |
| 0.9 to 1.0 | 105 | 1.8% |
Frequently asked questions
What is the average correlation of USCTW?
USCTW (USCTW) has an average correlation of about 0.38 with other NASDAQ stocks, based on 5,853 pairwise observations.
Is USCTW positively correlated with other stocks?
Mostly yes — 75.4% of pairs are positive and 24.6% are negative. Strong positive correlations (≥0.7) make up 39.8%.
What is the most common correlation range for USCTW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for USCTW.
Open interactive dashboard →