Asbury Automotive Group, Inc. (ABG) Correlation Distribution
Across 6,809 rolling correlation observations between Asbury Automotive Group, Inc. (ABG) and other NASDAQ-listed stocks, 42.7% are positive and 57.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.031, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.9% and strong negative correlations (≤−0.7) for 3.7%.
- Total observations
- 6,809
- Mean correlation
- -0.031
- Most common range
- -0.7 to -0.6
- Positive pairs
- 42.7%
- Strong positive (≥0.7)
- 12.9%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 125 | 1.8% | |
| -0.8 to -0.7 | 125 | 1.8% | |
| -0.7 to -0.6 | 663 | 9.7% | |
| -0.6 to -0.5 | 662 | 9.7% | |
| -0.5 to -0.4 | 660 | 9.7% | |
| -0.4 to -0.3 | 659 | 9.7% | |
| -0.3 to -0.2 | 377 | 5.5% | |
| -0.2 to -0.1 | 377 | 5.5% | |
| -0.1 to 0.0 | 256 | 3.8% | |
| 0.0 to 0.1 | 256 | 3.8% | |
| 0.1 to 0.2 | 248 | 3.6% | |
| 0.2 to 0.3 | 247 | 3.6% | |
| 0.3 to 0.4 | 262 | 3.8% | |
| 0.4 to 0.5 | 262 | 3.8% | |
| 0.5 to 0.6 | 377 | 5.5% | |
| 0.6 to 0.7 | 377 | 5.5% | |
| 0.7 to 0.8 | 437 | 6.4% | |
| 0.8 to 0.9 | 436 | 6.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of ABG?
Asbury Automotive Group, Inc. (ABG) has an average correlation of about -0.031 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ABG positively correlated with other stocks?
Not predominantly — 42.7% of pairs are positive and 57.3% are negative. Strong positive correlations (≥0.7) make up 12.9%.
What is the most common correlation range for ABG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.9% of all pairs.
Explore the full interactive correlation distribution for ABG.
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