Acadia Healthcare Company, Inc. (ACHC) Correlation Distribution
Across 6,809 rolling correlation observations between Acadia Healthcare Company, Inc. (ACHC) and other NASDAQ-listed stocks, 43% are positive and 57% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.054, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.3% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.054
- Most common range
- -0.1 to 0.0
- Positive pairs
- 43%
- Strong positive (≥0.7)
- 2.3%
- Sector
- Services-Specialty Outpatient Facilities, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 140 | 2.1% | |
| -0.8 to -0.7 | 139 | 2.0% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 518 | 7.6% | |
| -0.4 to -0.3 | 517 | 7.6% | |
| -0.3 to -0.2 | 670 | 9.8% | |
| -0.2 to -0.1 | 670 | 9.8% | |
| -0.1 to 0.0 | 693 | 10.2% | |
| 0.0 to 0.1 | 693 | 10.2% | |
| 0.1 to 0.2 | 478 | 7.0% | |
| 0.2 to 0.3 | 477 | 7.0% | |
| 0.3 to 0.4 | 341 | 5.0% | |
| 0.4 to 0.5 | 340 | 5.0% | |
| 0.5 to 0.6 | 222 | 3.3% | |
| 0.6 to 0.7 | 222 | 3.3% | |
| 0.7 to 0.8 | 78 | 1.1% | |
| 0.8 to 0.9 | 78 | 1.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ACHC?
Acadia Healthcare Company, Inc. (ACHC) has an average correlation of about -0.054 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACHC positively correlated with other stocks?
Not predominantly — 43% of pairs are positive and 57% are negative. Strong positive correlations (≥0.7) make up 2.3%.
What is the most common correlation range for ACHC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 54.1% of all pairs.
Explore the full interactive correlation distribution for ACHC.
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