ProFrac Holding Corp. Class A Common Stock (ACDC) Correlation Distribution
Across 6,422 rolling correlation observations between ProFrac Holding Corp. Class A Common Stock (ACDC) and other NASDAQ-listed stocks, 54.2% are positive and 45.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 21.4% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,422
- Mean correlation
- 0.1
- Most common range
- 0.7 to 0.8
- Positive pairs
- 54.2%
- Strong positive (≥0.7)
- 21.4%
- Sector
- Oil & Gas Field Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 199 | 3.1% | |
| -0.8 to -0.7 | 198 | 3.1% | |
| -0.7 to -0.6 | 469 | 7.3% | |
| -0.6 to -0.5 | 469 | 7.3% | |
| -0.5 to -0.4 | 362 | 5.6% | |
| -0.4 to -0.3 | 361 | 5.6% | |
| -0.3 to -0.2 | 299 | 4.7% | |
| -0.2 to -0.1 | 299 | 4.7% | |
| -0.1 to 0.0 | 281 | 4.4% | |
| 0.0 to 0.1 | 281 | 4.4% | |
| 0.1 to 0.2 | 224 | 3.5% | |
| 0.2 to 0.3 | 224 | 3.5% | |
| 0.3 to 0.4 | 300 | 4.7% | |
| 0.4 to 0.5 | 300 | 4.7% | |
| 0.5 to 0.6 | 388 | 6.0% | |
| 0.6 to 0.7 | 387 | 6.0% | |
| 0.7 to 0.8 | 555 | 8.6% | |
| 0.8 to 0.9 | 554 | 8.6% | |
| 0.9 to 1.0 | 266 | 4.1% |
Frequently asked questions
What is the average correlation of ACDC?
ProFrac Holding Corp. Class A Common Stock (ACDC) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,422 pairwise observations.
Is ACDC positively correlated with other stocks?
Mostly yes — 54.2% of pairs are positive and 45.8% are negative. Strong positive correlations (≥0.7) make up 21.4%.
What is the most common correlation range for ACDC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for ACDC.
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