Applied Optoelectronics, Inc. (AAOI) Correlation Distribution
Across 6,809 rolling correlation observations between Applied Optoelectronics, Inc. (AAOI) and other NASDAQ-listed stocks, 43.9% are positive and 56.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.002, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.002
- Most common range
- -0.3 to -0.2
- Positive pairs
- 43.9%
- Strong positive (≥0.7)
- 4.2%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 295 | 4.3% | |
| -0.6 to -0.5 | 295 | 4.3% | |
| -0.5 to -0.4 | 549 | 8.1% | |
| -0.4 to -0.3 | 549 | 8.1% | |
| -0.3 to -0.2 | 799 | 11.7% | |
| -0.2 to -0.1 | 799 | 11.7% | |
| -0.1 to 0.0 | 490 | 7.2% | |
| 0.0 to 0.1 | 490 | 7.2% | |
| 0.1 to 0.2 | 337 | 4.9% | |
| 0.2 to 0.3 | 336 | 4.9% | |
| 0.3 to 0.4 | 368 | 5.4% | |
| 0.4 to 0.5 | 367 | 5.4% | |
| 0.5 to 0.6 | 401 | 5.9% | |
| 0.6 to 0.7 | 401 | 5.9% | |
| 0.7 to 0.8 | 143 | 2.1% | |
| 0.8 to 0.9 | 143 | 2.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AAOI?
Applied Optoelectronics, Inc. (AAOI) has an average correlation of about -0.002 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AAOI positively correlated with other stocks?
Not predominantly — 43.9% of pairs are positive and 56.1% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for AAOI?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 47.7% of all pairs.
Explore the full interactive correlation distribution for AAOI.
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