Expion360 Inc. Common Stock (XPON) Correlation Distribution
Across 6,724 rolling correlation observations between Expion360 Inc. Common Stock (XPON) and other NASDAQ-listed stocks, 49.9% are positive and 50.1% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is -0.029, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 6.9%.
- Total observations
- 6,724
- Mean correlation
- -0.029
- Most common range
- 0.1 to 0.2
- Positive pairs
- 49.9%
- Strong positive (≥0.7)
- 3.6%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 228 | 3.4% | |
| -0.8 to -0.7 | 227 | 3.4% | |
| -0.7 to -0.6 | 481 | 7.2% | |
| -0.6 to -0.5 | 480 | 7.1% | |
| -0.5 to -0.4 | 401 | 6.0% | |
| -0.4 to -0.3 | 400 | 5.9% | |
| -0.3 to -0.2 | 381 | 5.7% | |
| -0.2 to -0.1 | 380 | 5.7% | |
| -0.1 to 0.0 | 386 | 5.7% | |
| 0.0 to 0.1 | 386 | 5.7% | |
| 0.1 to 0.2 | 510 | 7.6% | |
| 0.2 to 0.3 | 509 | 7.6% | |
| 0.3 to 0.4 | 490 | 7.3% | |
| 0.4 to 0.5 | 490 | 7.3% | |
| 0.5 to 0.6 | 364 | 5.4% | |
| 0.6 to 0.7 | 363 | 5.4% | |
| 0.7 to 0.8 | 119 | 1.8% | |
| 0.8 to 0.9 | 118 | 1.8% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of XPON?
Expion360 Inc. Common Stock (XPON) has an average correlation of about -0.029 with other NASDAQ stocks, based on 6,724 pairwise observations.
Is XPON positively correlated with other stocks?
Not predominantly — 49.9% of pairs are positive and 50.1% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for XPON?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 38% of all pairs.
Explore the full interactive correlation distribution for XPON.
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