Ascent Industries Co. Common Stock (ACNT) Correlation Distribution
Across 6,605 rolling correlation observations between Ascent Industries Co. Common Stock (ACNT) and other NASDAQ-listed stocks, 62.8% are positive and 37.2% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.122, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,605
- Mean correlation
- 0.122
- Most common range
- 0.1 to 0.2
- Positive pairs
- 62.8%
- Strong positive (≥0.7)
- 4.5%
- Sector
- Steel Pipe & Tubes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 140 | 2.1% | |
| -0.6 to -0.5 | 140 | 2.1% | |
| -0.5 to -0.4 | 298 | 4.5% | |
| -0.4 to -0.3 | 297 | 4.5% | |
| -0.3 to -0.2 | 457 | 6.9% | |
| -0.2 to -0.1 | 457 | 6.9% | |
| -0.1 to 0.0 | 626 | 9.5% | |
| 0.0 to 0.1 | 626 | 9.5% | |
| 0.1 to 0.2 | 657 | 9.9% | |
| 0.2 to 0.3 | 656 | 9.9% | |
| 0.3 to 0.4 | 566 | 8.6% | |
| 0.4 to 0.5 | 565 | 8.6% | |
| 0.5 to 0.6 | 389 | 5.9% | |
| 0.6 to 0.7 | 389 | 5.9% | |
| 0.7 to 0.8 | 135 | 2.0% | |
| 0.8 to 0.9 | 135 | 2.0% | |
| 0.9 to 1.0 | 30 | 0.5% |
Frequently asked questions
What is the average correlation of ACNT?
Ascent Industries Co. Common Stock (ACNT) has an average correlation of about 0.122 with other NASDAQ stocks, based on 6,605 pairwise observations.
Is ACNT positively correlated with other stocks?
Mostly yes — 62.8% of pairs are positive and 37.2% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for ACNT?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 52.7% of all pairs.
Explore the full interactive correlation distribution for ACNT.
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