XCEL BRANDS INC. (XELB) Correlation Distribution
Across 6,807 rolling correlation observations between XCEL BRANDS INC. (XELB) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.243, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.4% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,807
- Mean correlation
- 0.243
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 10.4%
- Sector
- Patent Owners & Lessors
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 15 | 0.2% | |
| -0.8 to -0.7 | 14 | 0.2% | |
| -0.7 to -0.6 | 205 | 3.0% | |
| -0.6 to -0.5 | 204 | 3.0% | |
| -0.5 to -0.4 | 357 | 5.2% | |
| -0.4 to -0.3 | 357 | 5.2% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 333 | 4.9% | |
| 0.2 to 0.3 | 332 | 4.9% | |
| 0.3 to 0.4 | 602 | 8.8% | |
| 0.4 to 0.5 | 602 | 8.8% | |
| 0.5 to 0.6 | 953 | 14.0% | |
| 0.6 to 0.7 | 952 | 14.0% | |
| 0.7 to 0.8 | 355 | 5.2% | |
| 0.8 to 0.9 | 355 | 5.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of XELB?
XCEL BRANDS INC. (XELB) has an average correlation of about 0.243 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is XELB positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 10.4%.
What is the most common correlation range for XELB?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27% of all pairs.
Explore the full interactive correlation distribution for XELB.
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