ADTRAN Holdings, Inc. Common Stock (ADTN) Correlation Distribution
Across 6,809 rolling correlation observations between ADTRAN Holdings, Inc. Common Stock (ADTN) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.205, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,809
- Mean correlation
- 0.205
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 13%
- Sector
- Telephone & Telegraph Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 60 | 0.9% | |
| -0.9 to -0.8 | 130 | 1.9% | |
| -0.8 to -0.7 | 130 | 1.9% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 253 | 3.7% | |
| -0.4 to -0.3 | 253 | 3.7% | |
| -0.3 to -0.2 | 229 | 3.4% | |
| -0.2 to -0.1 | 228 | 3.3% | |
| -0.1 to 0.0 | 270 | 4.0% | |
| 0.0 to 0.1 | 270 | 4.0% | |
| 0.1 to 0.2 | 352 | 5.2% | |
| 0.2 to 0.3 | 351 | 5.2% | |
| 0.3 to 0.4 | 622 | 9.1% | |
| 0.4 to 0.5 | 621 | 9.1% | |
| 0.5 to 0.6 | 790 | 11.6% | |
| 0.6 to 0.7 | 789 | 11.6% | |
| 0.7 to 0.8 | 427 | 6.3% | |
| 0.8 to 0.9 | 426 | 6.3% | |
| 0.9 to 1.0 | 35 | 0.5% |
Frequently asked questions
What is the average correlation of ADTN?
ADTRAN Holdings, Inc. Common Stock (ADTN) has an average correlation of about 0.205 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ADTN positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 13%.
What is the most common correlation range for ADTN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for ADTN.
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