Arch Capital Group Ltd (ACGL) Correlation Distribution
Across 6,809 rolling correlation observations between Arch Capital Group Ltd (ACGL) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.174, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 25.3%.
- Total observations
- 6,809
- Mean correlation
- -0.174
- Most common range
- -0.9 to -0.8
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 15.1%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 88 | 1.3% | |
| -0.9 to -0.8 | 818 | 12.0% | |
| -0.8 to -0.7 | 817 | 12.0% | |
| -0.7 to -0.6 | 710 | 10.4% | |
| -0.6 to -0.5 | 709 | 10.4% | |
| -0.5 to -0.4 | 296 | 4.3% | |
| -0.4 to -0.3 | 296 | 4.3% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 185 | 2.7% | |
| 0.0 to 0.1 | 185 | 2.7% | |
| 0.1 to 0.2 | 204 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 176 | 2.6% | |
| 0.4 to 0.5 | 176 | 2.6% | |
| 0.5 to 0.6 | 245 | 3.6% | |
| 0.6 to 0.7 | 244 | 3.6% | |
| 0.7 to 0.8 | 366 | 5.4% | |
| 0.8 to 0.9 | 365 | 5.4% | |
| 0.9 to 1.0 | 294 | 4.3% |
Frequently asked questions
What is the average correlation of ACGL?
Arch Capital Group Ltd (ACGL) has an average correlation of about -0.174 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACGL positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for ACGL?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for ACGL.
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