Archer Daniels Midland Company (ADM) Correlation Distribution
Across 6,809 rolling correlation observations between Archer Daniels Midland Company (ADM) and other NASDAQ-listed stocks, 41.9% are positive and 58.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.056, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 5%.
- Total observations
- 6,809
- Mean correlation
- -0.056
- Most common range
- -0.3 to -0.2
- Positive pairs
- 41.9%
- Strong positive (≥0.7)
- 4.6%
- Sector
- Fats & Oils
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 166 | 2.4% | |
| -0.8 to -0.7 | 166 | 2.4% | |
| -0.7 to -0.6 | 286 | 4.2% | |
| -0.6 to -0.5 | 285 | 4.2% | |
| -0.5 to -0.4 | 576 | 8.5% | |
| -0.4 to -0.3 | 576 | 8.5% | |
| -0.3 to -0.2 | 672 | 9.9% | |
| -0.2 to -0.1 | 671 | 9.9% | |
| -0.1 to 0.0 | 548 | 8.0% | |
| 0.0 to 0.1 | 548 | 8.0% | |
| 0.1 to 0.2 | 440 | 6.5% | |
| 0.2 to 0.3 | 439 | 6.4% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 231 | 3.4% | |
| 0.6 to 0.7 | 230 | 3.4% | |
| 0.7 to 0.8 | 153 | 2.2% | |
| 0.8 to 0.9 | 152 | 2.2% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of ADM?
Archer Daniels Midland Company (ADM) has an average correlation of about -0.056 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ADM positively correlated with other stocks?
Not predominantly — 41.9% of pairs are positive and 58.1% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for ADM?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.7% of all pairs.
Explore the full interactive correlation distribution for ADM.
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