WidePoint Corporation (WYY) Correlation Distribution
Across 6,809 rolling correlation observations between WidePoint Corporation (WYY) and other NASDAQ-listed stocks, 66.3% are positive and 33.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.245, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.2% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- 0.245
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.3%
- Strong positive (≥0.7)
- 25.2%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 66 | 1.0% | |
| -0.8 to -0.7 | 66 | 1.0% | |
| -0.7 to -0.6 | 243 | 3.6% | |
| -0.6 to -0.5 | 243 | 3.6% | |
| -0.5 to -0.4 | 344 | 5.1% | |
| -0.4 to -0.3 | 344 | 5.1% | |
| -0.3 to -0.2 | 344 | 5.1% | |
| -0.2 to -0.1 | 344 | 5.1% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 300 | 4.4% | |
| 0.1 to 0.2 | 338 | 5.0% | |
| 0.2 to 0.3 | 338 | 5.0% | |
| 0.3 to 0.4 | 375 | 5.5% | |
| 0.4 to 0.5 | 374 | 5.5% | |
| 0.5 to 0.6 | 536 | 7.9% | |
| 0.6 to 0.7 | 535 | 7.9% | |
| 0.7 to 0.8 | 774 | 11.4% | |
| 0.8 to 0.9 | 773 | 11.4% | |
| 0.9 to 1.0 | 171 | 2.5% |
Frequently asked questions
What is the average correlation of WYY?
WidePoint Corporation (WYY) has an average correlation of about 0.245 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is WYY positively correlated with other stocks?
Mostly yes — 66.3% of pairs are positive and 33.7% are negative. Strong positive correlations (≥0.7) make up 25.2%.
What is the most common correlation range for WYY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.9% of all pairs.
Explore the full interactive correlation distribution for WYY.
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