Energous Corporation (WATT) Correlation Distribution
Across 6,809 rolling correlation observations between Energous Corporation (WATT) and other NASDAQ-listed stocks, 65.2% are positive and 34.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.24, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 35.5% and strong negative correlations (≤−0.7) for 9.6%.
- Total observations
- 6,809
- Mean correlation
- 0.24
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.2%
- Strong positive (≥0.7)
- 35.5%
- Sector
- Radio & Tv Broadcasting & Communications Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 64 | 0.9% | |
| -0.9 to -0.8 | 296 | 4.3% | |
| -0.8 to -0.7 | 295 | 4.3% | |
| -0.7 to -0.6 | 325 | 4.8% | |
| -0.6 to -0.5 | 325 | 4.8% | |
| -0.5 to -0.4 | 227 | 3.3% | |
| -0.4 to -0.3 | 227 | 3.3% | |
| -0.3 to -0.2 | 205 | 3.0% | |
| -0.2 to -0.1 | 205 | 3.0% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 212 | 3.1% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 441 | 6.5% | |
| 0.6 to 0.7 | 441 | 6.5% | |
| 0.7 to 0.8 | 978 | 14.4% | |
| 0.8 to 0.9 | 977 | 14.3% | |
| 0.9 to 1.0 | 460 | 6.8% |
Frequently asked questions
What is the average correlation of WATT?
Energous Corporation (WATT) has an average correlation of about 0.24 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WATT positively correlated with other stocks?
Mostly yes — 65.2% of pairs are positive and 34.8% are negative. Strong positive correlations (≥0.7) make up 35.5%.
What is the most common correlation range for WATT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for WATT.
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