Advent Technologies Holdings, Inc. Class A Common Stock (ADN) Correlation Distribution
Across 6,806 rolling correlation observations between Advent Technologies Holdings, Inc. Class A Common Stock (ADN) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.346, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.4% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 6,806
- Mean correlation
- 0.346
- Most common range
- 0.9 to 1.0
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 42.4%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 161 | 2.4% | |
| -0.8 to -0.7 | 160 | 2.4% | |
| -0.7 to -0.6 | 297 | 4.4% | |
| -0.6 to -0.5 | 296 | 4.3% | |
| -0.5 to -0.4 | 242 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 182 | 2.7% | |
| -0.2 to -0.1 | 181 | 2.7% | |
| -0.1 to 0.0 | 202 | 3.0% | |
| 0.0 to 0.1 | 201 | 3.0% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 255 | 3.7% | |
| 0.4 to 0.5 | 255 | 3.7% | |
| 0.5 to 0.6 | 420 | 6.2% | |
| 0.6 to 0.7 | 420 | 6.2% | |
| 0.7 to 0.8 | 936 | 13.8% | |
| 0.8 to 0.9 | 935 | 13.7% | |
| 0.9 to 1.0 | 1,015 | 14.9% |
Frequently asked questions
What is the average correlation of ADN?
Advent Technologies Holdings, Inc. Class A Common Stock (ADN) has an average correlation of about 0.346 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ADN positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 42.4%.
What is the most common correlation range for ADN?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for ADN.
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