Wallbox N.V. (WBX) Correlation Distribution
Across 6,800 rolling correlation observations between Wallbox N.V. (WBX) and other NASDAQ-listed stocks, 67.9% are positive and 32.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.5% and strong negative correlations (≤−0.7) for 8.5%.
- Total observations
- 6,800
- Mean correlation
- 0.284
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.9%
- Strong positive (≥0.7)
- 38.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 279 | 4.1% | |
| -0.8 to -0.7 | 279 | 4.1% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 226 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 186 | 2.7% | |
| -0.2 to -0.1 | 185 | 2.7% | |
| -0.1 to 0.0 | 182 | 2.7% | |
| 0.0 to 0.1 | 182 | 2.7% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 253 | 3.7% | |
| 0.4 to 0.5 | 253 | 3.7% | |
| 0.5 to 0.6 | 461 | 6.8% | |
| 0.6 to 0.7 | 460 | 6.8% | |
| 0.7 to 0.8 | 1,023 | 15.0% | |
| 0.8 to 0.9 | 1,023 | 15.0% | |
| 0.9 to 1.0 | 571 | 8.4% |
Frequently asked questions
What is the average correlation of WBX?
Wallbox N.V. (WBX) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,800 pairwise observations.
Is WBX positively correlated with other stocks?
Mostly yes — 67.9% of pairs are positive and 32.1% are negative. Strong positive correlations (≥0.7) make up 38.5%.
What is the most common correlation range for WBX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.5% of all pairs.
Explore the full interactive correlation distribution for WBX.
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