ALKALINE WATER CO INC (WTER) Correlation Distribution
Across 6,808 rolling correlation observations between ALKALINE WATER CO INC (WTER) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.6% and strong negative correlations (≤−0.7) for 8.5%.
- Total observations
- 6,808
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 37.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 288 | 4.2% | |
| -0.8 to -0.7 | 288 | 4.2% | |
| -0.7 to -0.6 | 313 | 4.6% | |
| -0.6 to -0.5 | 312 | 4.6% | |
| -0.5 to -0.4 | 235 | 3.5% | |
| -0.4 to -0.3 | 234 | 3.4% | |
| -0.3 to -0.2 | 198 | 2.9% | |
| -0.2 to -0.1 | 198 | 2.9% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 199 | 2.9% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 261 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 431 | 6.3% | |
| 0.6 to 0.7 | 430 | 6.3% | |
| 0.7 to 0.8 | 973 | 14.3% | |
| 0.8 to 0.9 | 973 | 14.3% | |
| 0.9 to 1.0 | 617 | 9.1% |
Frequently asked questions
What is the average correlation of WTER?
ALKALINE WATER CO INC (WTER) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is WTER positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 37.6%.
What is the most common correlation range for WTER?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.5% of all pairs.
Explore the full interactive correlation distribution for WTER.
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