Ares Commercial Real Estate Corporation (ACRE) Correlation Distribution
Across 6,809 rolling correlation observations between Ares Commercial Real Estate Corporation (ACRE) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.239, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.5% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,809
- Mean correlation
- 0.239
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 22.5%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.4% | |
| -0.9 to -0.8 | 233 | 3.4% | |
| -0.8 to -0.7 | 233 | 3.4% | |
| -0.7 to -0.6 | 286 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 213 | 3.1% | |
| -0.4 to -0.3 | 212 | 3.1% | |
| -0.3 to -0.2 | 191 | 2.8% | |
| -0.2 to -0.1 | 191 | 2.8% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 273 | 4.0% | |
| 0.2 to 0.3 | 272 | 4.0% | |
| 0.3 to 0.4 | 432 | 6.3% | |
| 0.4 to 0.5 | 431 | 6.3% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 771 | 11.3% | |
| 0.7 to 0.8 | 725 | 10.6% | |
| 0.8 to 0.9 | 725 | 10.6% | |
| 0.9 to 1.0 | 84 | 1.2% |
Frequently asked questions
What is the average correlation of ACRE?
Ares Commercial Real Estate Corporation (ACRE) has an average correlation of about 0.239 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ACRE positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 22.5%.
What is the most common correlation range for ACRE?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 20.2% of all pairs.
Explore the full interactive correlation distribution for ACRE.
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