Addus HomeCare Corp. (ADUS) Correlation Distribution
Across 6,809 rolling correlation observations between Addus HomeCare Corp. (ADUS) and other NASDAQ-listed stocks, 44.2% are positive and 55.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.013, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- -0.013
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.2%
- Strong positive (≥0.7)
- 0.6%
- Sector
- Services-Home Health Care Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 5 | 0.1% | |
| -0.8 to -0.7 | 5 | 0.1% | |
| -0.7 to -0.6 | 135 | 2.0% | |
| -0.6 to -0.5 | 135 | 2.0% | |
| -0.5 to -0.4 | 605 | 8.9% | |
| -0.4 to -0.3 | 605 | 8.9% | |
| -0.3 to -0.2 | 827 | 12.1% | |
| -0.2 to -0.1 | 826 | 12.1% | |
| -0.1 to 0.0 | 656 | 9.6% | |
| 0.0 to 0.1 | 655 | 9.6% | |
| 0.1 to 0.2 | 425 | 6.2% | |
| 0.2 to 0.3 | 425 | 6.2% | |
| 0.3 to 0.4 | 458 | 6.7% | |
| 0.4 to 0.5 | 458 | 6.7% | |
| 0.5 to 0.6 | 274 | 4.0% | |
| 0.6 to 0.7 | 274 | 4.0% | |
| 0.7 to 0.8 | 21 | 0.3% | |
| 0.8 to 0.9 | 20 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ADUS?
Addus HomeCare Corp. (ADUS) has an average correlation of about -0.013 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ADUS positively correlated with other stocks?
Not predominantly — 44.2% of pairs are positive and 55.8% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for ADUS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56% of all pairs.
Explore the full interactive correlation distribution for ADUS.
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