Aaon Inc (AAON) Correlation Distribution
Across 6,809 rolling correlation observations between Aaon Inc (AAON) and other NASDAQ-listed stocks, 38.5% are positive and 61.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.9% and strong negative correlations (≤−0.7) for 6.1%.
- Total observations
- 6,809
- Mean correlation
- -0.07
- Most common range
- -0.5 to -0.4
- Positive pairs
- 38.5%
- Strong positive (≥0.7)
- 14.9%
- Sector
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 206 | 3.0% | |
| -0.8 to -0.7 | 206 | 3.0% | |
| -0.7 to -0.6 | 687 | 10.1% | |
| -0.6 to -0.5 | 687 | 10.1% | |
| -0.5 to -0.4 | 749 | 11.0% | |
| -0.4 to -0.3 | 748 | 11.0% | |
| -0.3 to -0.2 | 341 | 5.0% | |
| -0.2 to -0.1 | 340 | 5.0% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 207 | 3.0% | |
| 0.2 to 0.3 | 206 | 3.0% | |
| 0.3 to 0.4 | 225 | 3.3% | |
| 0.4 to 0.5 | 224 | 3.3% | |
| 0.5 to 0.6 | 262 | 3.8% | |
| 0.6 to 0.7 | 262 | 3.8% | |
| 0.7 to 0.8 | 425 | 6.2% | |
| 0.8 to 0.9 | 425 | 6.2% | |
| 0.9 to 1.0 | 164 | 2.4% |
Frequently asked questions
What is the average correlation of AAON?
Aaon Inc (AAON) has an average correlation of about -0.07 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AAON positively correlated with other stocks?
Not predominantly — 38.5% of pairs are positive and 61.5% are negative. Strong positive correlations (≥0.7) make up 14.9%.
What is the most common correlation range for AAON?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 22.6% of all pairs.
Explore the full interactive correlation distribution for AAON.
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