EXELA TECHS INC 6% SER B (XELAP) Correlation Distribution
Across 6,702 rolling correlation observations between EXELA TECHS INC 6% SER B (XELAP) and other NASDAQ-listed stocks, 58.6% are positive and 41.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.105, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.9% and strong negative correlations (≤−0.7) for 9.2%.
- Total observations
- 6,702
- Mean correlation
- 0.105
- Most common range
- 0.5 to 0.6
- Positive pairs
- 58.6%
- Strong positive (≥0.7)
- 16.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 307 | 4.6% | |
| -0.8 to -0.7 | 307 | 4.6% | |
| -0.7 to -0.6 | 434 | 6.5% | |
| -0.6 to -0.5 | 434 | 6.5% | |
| -0.5 to -0.4 | 275 | 4.1% | |
| -0.4 to -0.3 | 274 | 4.1% | |
| -0.3 to -0.2 | 242 | 3.6% | |
| -0.2 to -0.1 | 241 | 3.6% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 305 | 4.6% | |
| 0.2 to 0.3 | 305 | 4.6% | |
| 0.3 to 0.4 | 380 | 5.7% | |
| 0.4 to 0.5 | 380 | 5.7% | |
| 0.5 to 0.6 | 586 | 8.7% | |
| 0.6 to 0.7 | 586 | 8.7% | |
| 0.7 to 0.8 | 565 | 8.4% | |
| 0.8 to 0.9 | 564 | 8.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of XELAP?
EXELA TECHS INC 6% SER B (XELAP) has an average correlation of about 0.105 with other NASDAQ stocks, based on 6,702 pairwise observations.
Is XELAP positively correlated with other stocks?
Mostly yes — 58.6% of pairs are positive and 41.4% are negative. Strong positive correlations (≥0.7) make up 16.9%.
What is the most common correlation range for XELAP?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24% of all pairs.
Explore the full interactive correlation distribution for XELAP.
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