AAU (AAU) Correlation Distribution
Across 6,606 rolling correlation observations between AAU (AAU) and other NASDAQ-listed stocks, 63.9% are positive and 36.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.198, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.5% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,606
- Mean correlation
- 0.198
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.9%
- Strong positive (≥0.7)
- 28.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 349 | 5.3% | |
| -0.8 to -0.7 | 348 | 5.3% | |
| -0.7 to -0.6 | 295 | 4.5% | |
| -0.6 to -0.5 | 295 | 4.5% | |
| -0.5 to -0.4 | 227 | 3.4% | |
| -0.4 to -0.3 | 227 | 3.4% | |
| -0.3 to -0.2 | 209 | 3.2% | |
| -0.2 to -0.1 | 209 | 3.2% | |
| -0.1 to 0.0 | 227 | 3.4% | |
| 0.0 to 0.1 | 227 | 3.4% | |
| 0.1 to 0.2 | 235 | 3.6% | |
| 0.2 to 0.3 | 235 | 3.6% | |
| 0.3 to 0.4 | 310 | 4.7% | |
| 0.4 to 0.5 | 310 | 4.7% | |
| 0.5 to 0.6 | 510 | 7.7% | |
| 0.6 to 0.7 | 509 | 7.7% | |
| 0.7 to 0.8 | 853 | 12.9% | |
| 0.8 to 0.9 | 853 | 12.9% | |
| 0.9 to 1.0 | 176 | 2.7% |
Frequently asked questions
What is the average correlation of AAU?
AAU (AAU) has an average correlation of about 0.198 with other NASDAQ stocks, based on 6,606 pairwise observations.
Is AAU positively correlated with other stocks?
Mostly yes — 63.9% of pairs are positive and 36.1% are negative. Strong positive correlations (≥0.7) make up 28.5%.
What is the most common correlation range for AAU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.3% of all pairs.
Explore the full interactive correlation distribution for AAU.
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