Advent Technologies Holdings, Inc. Warrant (ADNWW) Correlation Distribution
Across 6,806 rolling correlation observations between Advent Technologies Holdings, Inc. Warrant (ADNWW) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.341, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.4% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,806
- Mean correlation
- 0.341
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 41.4%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 148 | 2.2% | |
| -0.8 to -0.7 | 148 | 2.2% | |
| -0.7 to -0.6 | 298 | 4.4% | |
| -0.6 to -0.5 | 297 | 4.4% | |
| -0.5 to -0.4 | 248 | 3.6% | |
| -0.4 to -0.3 | 247 | 3.6% | |
| -0.3 to -0.2 | 190 | 2.8% | |
| -0.2 to -0.1 | 189 | 2.8% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 195 | 2.9% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 440 | 6.5% | |
| 0.6 to 0.7 | 439 | 6.5% | |
| 0.7 to 0.8 | 1,033 | 15.2% | |
| 0.8 to 0.9 | 1,032 | 15.2% | |
| 0.9 to 1.0 | 755 | 11.1% |
Frequently asked questions
What is the average correlation of ADNWW?
Advent Technologies Holdings, Inc. Warrant (ADNWW) has an average correlation of about 0.341 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ADNWW positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 41.4%.
What is the most common correlation range for ADNWW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for ADNWW.
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