ACAB (ACAB) Correlation Distribution
Across 6,030 rolling correlation observations between ACAB (ACAB) and other NASDAQ-listed stocks, 41.1% are positive and 58.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.2% and strong negative correlations (≤−0.7) for 6.4%.
- Total observations
- 6,030
- Mean correlation
- -0.091
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.1%
- Strong positive (≥0.7)
- 5.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 189 | 3.1% | |
| -0.8 to -0.7 | 188 | 3.1% | |
| -0.7 to -0.6 | 720 | 11.9% | |
| -0.6 to -0.5 | 719 | 11.9% | |
| -0.5 to -0.4 | 442 | 7.3% | |
| -0.4 to -0.3 | 442 | 7.3% | |
| -0.3 to -0.2 | 302 | 5.0% | |
| -0.2 to -0.1 | 301 | 5.0% | |
| -0.1 to 0.0 | 244 | 4.0% | |
| 0.0 to 0.1 | 244 | 4.0% | |
| 0.1 to 0.2 | 252 | 4.2% | |
| 0.2 to 0.3 | 251 | 4.2% | |
| 0.3 to 0.4 | 270 | 4.5% | |
| 0.4 to 0.5 | 269 | 4.5% | |
| 0.5 to 0.6 | 438 | 7.3% | |
| 0.6 to 0.7 | 437 | 7.2% | |
| 0.7 to 0.8 | 148 | 2.5% | |
| 0.8 to 0.9 | 147 | 2.4% | |
| 0.9 to 1.0 | 20 | 0.3% |
Frequently asked questions
What is the average correlation of ACAB?
ACAB (ACAB) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,030 pairwise observations.
Is ACAB positively correlated with other stocks?
Not predominantly — 41.1% of pairs are positive and 58.9% are negative. Strong positive correlations (≥0.7) make up 5.2%.
What is the most common correlation range for ACAB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.4% of all pairs.
Explore the full interactive correlation distribution for ACAB.
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