American Coastal Insurance Corporation Common Stock (ACIC) Correlation Distribution
Across 6,162 rolling correlation observations between American Coastal Insurance Corporation Common Stock (ACIC) and other NASDAQ-listed stocks, 56.1% are positive and 43.9% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,162
- Mean correlation
- 0.07
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.1%
- Strong positive (≥0.7)
- 2%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 67 | 1.1% | |
| -0.8 to -0.7 | 66 | 1.1% | |
| -0.7 to -0.6 | 124 | 2.0% | |
| -0.6 to -0.5 | 124 | 2.0% | |
| -0.5 to -0.4 | 221 | 3.6% | |
| -0.4 to -0.3 | 221 | 3.6% | |
| -0.3 to -0.2 | 543 | 8.8% | |
| -0.2 to -0.1 | 543 | 8.8% | |
| -0.1 to 0.0 | 798 | 13.0% | |
| 0.0 to 0.1 | 798 | 13.0% | |
| 0.1 to 0.2 | 430 | 7.0% | |
| 0.2 to 0.3 | 430 | 7.0% | |
| 0.3 to 0.4 | 482 | 7.8% | |
| 0.4 to 0.5 | 481 | 7.8% | |
| 0.5 to 0.6 | 355 | 5.8% | |
| 0.6 to 0.7 | 355 | 5.8% | |
| 0.7 to 0.8 | 62 | 1.0% | |
| 0.8 to 0.9 | 62 | 1.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ACIC?
American Coastal Insurance Corporation Common Stock (ACIC) has an average correlation of about 0.07 with other NASDAQ stocks, based on 6,162 pairwise observations.
Is ACIC positively correlated with other stocks?
Mostly yes — 56.1% of pairs are positive and 43.9% are negative. Strong positive correlations (≥0.7) make up 2%.
What is the most common correlation range for ACIC?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 57.5% of all pairs.
Explore the full interactive correlation distribution for ACIC.
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