ACBA (ACBA) Correlation Distribution
Across 6,020 rolling correlation observations between ACBA (ACBA) and other NASDAQ-listed stocks, 26.4% are positive and 73.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.296, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.9% and strong negative correlations (≤−0.7) for 27.3%.
- Total observations
- 6,020
- Mean correlation
- -0.296
- Most common range
- -0.7 to -0.6
- Positive pairs
- 26.4%
- Strong positive (≥0.7)
- 9.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 102 | 1.7% | |
| -0.9 to -0.8 | 772 | 12.8% | |
| -0.8 to -0.7 | 772 | 12.8% | |
| -0.7 to -0.6 | 810 | 13.5% | |
| -0.6 to -0.5 | 809 | 13.4% | |
| -0.5 to -0.4 | 314 | 5.2% | |
| -0.4 to -0.3 | 313 | 5.2% | |
| -0.3 to -0.2 | 191 | 3.2% | |
| -0.2 to -0.1 | 191 | 3.2% | |
| -0.1 to 0.0 | 154 | 2.6% | |
| 0.0 to 0.1 | 154 | 2.6% | |
| 0.1 to 0.2 | 132 | 2.2% | |
| 0.2 to 0.3 | 131 | 2.2% | |
| 0.3 to 0.4 | 135 | 2.2% | |
| 0.4 to 0.5 | 135 | 2.2% | |
| 0.5 to 0.6 | 154 | 2.6% | |
| 0.6 to 0.7 | 153 | 2.5% | |
| 0.7 to 0.8 | 215 | 3.6% | |
| 0.8 to 0.9 | 214 | 3.6% | |
| 0.9 to 1.0 | 169 | 2.8% |
Frequently asked questions
What is the average correlation of ACBA?
ACBA (ACBA) has an average correlation of about -0.296 with other NASDAQ stocks, based on 6,020 pairwise observations.
Is ACBA positively correlated with other stocks?
Not predominantly — 26.4% of pairs are positive and 73.6% are negative. Strong positive correlations (≥0.7) make up 9.9%.
What is the most common correlation range for ACBA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 15.8% of all pairs.
Explore the full interactive correlation distribution for ACBA.
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