AMERISOURCEBERGEN CORP (ABC) Correlation Distribution
Across 6,234 rolling correlation observations between AMERISOURCEBERGEN CORP (ABC) and other NASDAQ-listed stocks, 35% are positive and 65% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.204, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.2% and strong negative correlations (≤−0.7) for 29%.
- Total observations
- 6,234
- Mean correlation
- -0.204
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35%
- Strong positive (≥0.7)
- 12.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 55 | 0.9% | |
| -0.9 to -0.8 | 877 | 14.1% | |
| -0.8 to -0.7 | 876 | 14.1% | |
| -0.7 to -0.6 | 507 | 8.1% | |
| -0.6 to -0.5 | 507 | 8.1% | |
| -0.5 to -0.4 | 294 | 4.7% | |
| -0.4 to -0.3 | 294 | 4.7% | |
| -0.3 to -0.2 | 225 | 3.6% | |
| -0.2 to -0.1 | 224 | 3.6% | |
| -0.1 to 0.0 | 196 | 3.1% | |
| 0.0 to 0.1 | 196 | 3.1% | |
| 0.1 to 0.2 | 197 | 3.2% | |
| 0.2 to 0.3 | 196 | 3.1% | |
| 0.3 to 0.4 | 200 | 3.2% | |
| 0.4 to 0.5 | 199 | 3.2% | |
| 0.5 to 0.6 | 215 | 3.4% | |
| 0.6 to 0.7 | 215 | 3.4% | |
| 0.7 to 0.8 | 339 | 5.4% | |
| 0.8 to 0.9 | 338 | 5.4% | |
| 0.9 to 1.0 | 84 | 1.3% |
Frequently asked questions
What is the average correlation of ABC?
AMERISOURCEBERGEN CORP (ABC) has an average correlation of about -0.204 with other NASDAQ stocks, based on 6,234 pairwise observations.
Is ABC positively correlated with other stocks?
Not predominantly — 35% of pairs are positive and 65% are negative. Strong positive correlations (≥0.7) make up 12.2%.
What is the most common correlation range for ABC?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.8% of all pairs.
Explore the full interactive correlation distribution for ABC.
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