Axcelis Technologies Inc (ACLS) Correlation Distribution
Across 6,809 rolling correlation observations between Axcelis Technologies Inc (ACLS) and other NASDAQ-listed stocks, 34.5% are positive and 65.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.169, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,809
- Mean correlation
- -0.169
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.5%
- Strong positive (≥0.7)
- 4.1%
- Sector
- Special Industry Machinery, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 231 | 3.4% | |
| -0.8 to -0.7 | 231 | 3.4% | |
| -0.7 to -0.6 | 896 | 13.2% | |
| -0.6 to -0.5 | 895 | 13.1% | |
| -0.5 to -0.4 | 589 | 8.7% | |
| -0.4 to -0.3 | 589 | 8.7% | |
| -0.3 to -0.2 | 361 | 5.3% | |
| -0.2 to -0.1 | 361 | 5.3% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 300 | 4.4% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 319 | 4.7% | |
| 0.4 to 0.5 | 318 | 4.7% | |
| 0.5 to 0.6 | 253 | 3.7% | |
| 0.6 to 0.7 | 252 | 3.7% | |
| 0.7 to 0.8 | 125 | 1.8% | |
| 0.8 to 0.9 | 124 | 1.8% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of ACLS?
Axcelis Technologies Inc (ACLS) has an average correlation of about -0.169 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACLS positively correlated with other stocks?
Not predominantly — 34.5% of pairs are positive and 65.5% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for ACLS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.7% of all pairs.
Explore the full interactive correlation distribution for ACLS.
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