XWELL, Inc. Common Stock (XWEL) Correlation Distribution
Across 6,441 rolling correlation observations between XWELL, Inc. Common Stock (XWEL) and other NASDAQ-listed stocks, 53.6% are positive and 46.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 23.7% and strong negative correlations (≤−0.7) for 10.3%.
- Total observations
- 6,441
- Mean correlation
- 0.088
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53.6%
- Strong positive (≥0.7)
- 23.7%
- Sector
- Services-Personal Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 21 | 0.3% | |
| -0.9 to -0.8 | 320 | 5.0% | |
| -0.8 to -0.7 | 320 | 5.0% | |
| -0.7 to -0.6 | 447 | 6.9% | |
| -0.6 to -0.5 | 447 | 6.9% | |
| -0.5 to -0.4 | 322 | 5.0% | |
| -0.4 to -0.3 | 321 | 5.0% | |
| -0.3 to -0.2 | 262 | 4.1% | |
| -0.2 to -0.1 | 262 | 4.1% | |
| -0.1 to 0.0 | 268 | 4.2% | |
| 0.0 to 0.1 | 268 | 4.2% | |
| 0.1 to 0.2 | 214 | 3.3% | |
| 0.2 to 0.3 | 213 | 3.3% | |
| 0.3 to 0.4 | 260 | 4.0% | |
| 0.4 to 0.5 | 260 | 4.0% | |
| 0.5 to 0.6 | 356 | 5.5% | |
| 0.6 to 0.7 | 356 | 5.5% | |
| 0.7 to 0.8 | 563 | 8.7% | |
| 0.8 to 0.9 | 563 | 8.7% | |
| 0.9 to 1.0 | 398 | 6.2% |
Frequently asked questions
What is the average correlation of XWEL?
XWELL, Inc. Common Stock (XWEL) has an average correlation of about 0.088 with other NASDAQ stocks, based on 6,441 pairwise observations.
Is XWEL positively correlated with other stocks?
Mostly yes — 53.6% of pairs are positive and 46.4% are negative. Strong positive correlations (≥0.7) make up 23.7%.
What is the most common correlation range for XWEL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.1% of all pairs.
Explore the full interactive correlation distribution for XWEL.
Open interactive dashboard →