Adeia Inc. Common Stock (ADEA) Correlation Distribution
Across 6,486 rolling correlation observations between Adeia Inc. Common Stock (ADEA) and other NASDAQ-listed stocks, 55.1% are positive and 44.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.096, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.9% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,486
- Mean correlation
- 0.096
- Most common range
- 0.5 to 0.6
- Positive pairs
- 55.1%
- Strong positive (≥0.7)
- 12.9%
- Sector
- Cable & Other Pay Television Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 28 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 468 | 7.2% | |
| -0.6 to -0.5 | 468 | 7.2% | |
| -0.5 to -0.4 | 478 | 7.4% | |
| -0.4 to -0.3 | 478 | 7.4% | |
| -0.3 to -0.2 | 333 | 5.1% | |
| -0.2 to -0.1 | 333 | 5.1% | |
| -0.1 to 0.0 | 302 | 4.7% | |
| 0.0 to 0.1 | 301 | 4.6% | |
| 0.1 to 0.2 | 301 | 4.6% | |
| 0.2 to 0.3 | 300 | 4.6% | |
| 0.3 to 0.4 | 366 | 5.6% | |
| 0.4 to 0.5 | 366 | 5.6% | |
| 0.5 to 0.6 | 551 | 8.5% | |
| 0.6 to 0.7 | 550 | 8.5% | |
| 0.7 to 0.8 | 418 | 6.4% | |
| 0.8 to 0.9 | 418 | 6.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ADEA?
Adeia Inc. Common Stock (ADEA) has an average correlation of about 0.096 with other NASDAQ stocks, based on 6,486 pairwise observations.
Is ADEA positively correlated with other stocks?
Mostly yes — 55.1% of pairs are positive and 44.9% are negative. Strong positive correlations (≥0.7) make up 12.9%.
What is the most common correlation range for ADEA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.8% of all pairs.
Explore the full interactive correlation distribution for ADEA.
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