VCI Global Limited Ordinary Share (VCIG) Correlation Distribution
Across 6,090 rolling correlation observations between VCI Global Limited Ordinary Share (VCIG) and other NASDAQ-listed stocks, 45.6% are positive and 54.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.8% and strong negative correlations (≤−0.7) for 16.4%.
- Total observations
- 6,090
- Mean correlation
- -0.051
- Most common range
- -0.7 to -0.6
- Positive pairs
- 45.6%
- Strong positive (≥0.7)
- 13.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 498 | 8.2% | |
| -0.8 to -0.7 | 497 | 8.2% | |
| -0.7 to -0.6 | 520 | 8.5% | |
| -0.6 to -0.5 | 520 | 8.5% | |
| -0.5 to -0.4 | 315 | 5.2% | |
| -0.4 to -0.3 | 315 | 5.2% | |
| -0.3 to -0.2 | 228 | 3.7% | |
| -0.2 to -0.1 | 228 | 3.7% | |
| -0.1 to 0.0 | 191 | 3.1% | |
| 0.0 to 0.1 | 190 | 3.1% | |
| 0.1 to 0.2 | 211 | 3.5% | |
| 0.2 to 0.3 | 211 | 3.5% | |
| 0.3 to 0.4 | 247 | 4.1% | |
| 0.4 to 0.5 | 247 | 4.1% | |
| 0.5 to 0.6 | 416 | 6.8% | |
| 0.6 to 0.7 | 416 | 6.8% | |
| 0.7 to 0.8 | 419 | 6.9% | |
| 0.8 to 0.9 | 419 | 6.9% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of VCIG?
VCI Global Limited Ordinary Share (VCIG) has an average correlation of about -0.051 with other NASDAQ stocks, based on 6,090 pairwise observations.
Is VCIG positively correlated with other stocks?
Not predominantly — 45.6% of pairs are positive and 54.4% are negative. Strong positive correlations (≥0.7) make up 13.8%.
What is the most common correlation range for VCIG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.7% of all pairs.
Explore the full interactive correlation distribution for VCIG.
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