AAC (AAC) Correlation Distribution
Across 6,364 rolling correlation observations between AAC (AAC) and other NASDAQ-listed stocks, 24.8% are positive and 75.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.301, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 22.9%.
- Total observations
- 6,364
- Mean correlation
- -0.301
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24.8%
- Strong positive (≥0.7)
- 9.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 54 | 0.8% | |
| -0.9 to -0.8 | 702 | 11.0% | |
| -0.8 to -0.7 | 701 | 11.0% | |
| -0.7 to -0.6 | 988 | 15.5% | |
| -0.6 to -0.5 | 988 | 15.5% | |
| -0.5 to -0.4 | 405 | 6.4% | |
| -0.4 to -0.3 | 404 | 6.3% | |
| -0.3 to -0.2 | 205 | 3.2% | |
| -0.2 to -0.1 | 204 | 3.2% | |
| -0.1 to 0.0 | 133 | 2.1% | |
| 0.0 to 0.1 | 133 | 2.1% | |
| 0.1 to 0.2 | 145 | 2.3% | |
| 0.2 to 0.3 | 144 | 2.3% | |
| 0.3 to 0.4 | 141 | 2.2% | |
| 0.4 to 0.5 | 140 | 2.2% | |
| 0.5 to 0.6 | 147 | 2.3% | |
| 0.6 to 0.7 | 146 | 2.3% | |
| 0.7 to 0.8 | 179 | 2.8% | |
| 0.8 to 0.9 | 178 | 2.8% | |
| 0.9 to 1.0 | 227 | 3.6% |
Frequently asked questions
What is the average correlation of AAC?
AAC (AAC) has an average correlation of about -0.301 with other NASDAQ stocks, based on 6,364 pairwise observations.
Is AAC positively correlated with other stocks?
Not predominantly — 24.8% of pairs are positive and 75.2% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for AAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 15.1% of all pairs.
Explore the full interactive correlation distribution for AAC.
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