ACM Research, Inc. Class A Common Stock (ACMR) Correlation Distribution
Across 6,809 rolling correlation observations between ACM Research, Inc. Class A Common Stock (ACMR) and other NASDAQ-listed stocks, 69.6% are positive and 30.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.231, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.1% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- 0.231
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.6%
- Strong positive (≥0.7)
- 9.1%
- Sector
- Special Industry Machinery, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 24 | 0.4% | |
| -0.8 to -0.7 | 23 | 0.3% | |
| -0.7 to -0.6 | 155 | 2.3% | |
| -0.6 to -0.5 | 154 | 2.3% | |
| -0.5 to -0.4 | 259 | 3.8% | |
| -0.4 to -0.3 | 259 | 3.8% | |
| -0.3 to -0.2 | 384 | 5.6% | |
| -0.2 to -0.1 | 383 | 5.6% | |
| -0.1 to 0.0 | 432 | 6.3% | |
| 0.0 to 0.1 | 431 | 6.3% | |
| 0.1 to 0.2 | 411 | 6.0% | |
| 0.2 to 0.3 | 411 | 6.0% | |
| 0.3 to 0.4 | 557 | 8.2% | |
| 0.4 to 0.5 | 556 | 8.2% | |
| 0.5 to 0.6 | 875 | 12.9% | |
| 0.6 to 0.7 | 874 | 12.8% | |
| 0.7 to 0.8 | 307 | 4.5% | |
| 0.8 to 0.9 | 307 | 4.5% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of ACMR?
ACM Research, Inc. Class A Common Stock (ACMR) has an average correlation of about 0.231 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACMR positively correlated with other stocks?
Mostly yes — 69.6% of pairs are positive and 30.4% are negative. Strong positive correlations (≥0.7) make up 9.1%.
What is the most common correlation range for ACMR?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 36% of all pairs.
Explore the full interactive correlation distribution for ACMR.
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