Advantage Solutions Inc. Class A Common Stock (ADV) Correlation Distribution
Across 6,808 rolling correlation observations between Advantage Solutions Inc. Class A Common Stock (ADV) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.316, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37.5% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,808
- Mean correlation
- 0.316
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 37.5%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 5 | 0.1% | |
| -0.9 to -0.8 | 92 | 1.4% | |
| -0.8 to -0.7 | 92 | 1.4% | |
| -0.7 to -0.6 | 260 | 3.8% | |
| -0.6 to -0.5 | 260 | 3.8% | |
| -0.5 to -0.4 | 300 | 4.4% | |
| -0.4 to -0.3 | 300 | 4.4% | |
| -0.3 to -0.2 | 286 | 4.2% | |
| -0.2 to -0.1 | 286 | 4.2% | |
| -0.1 to 0.0 | 246 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 276 | 4.1% | |
| 0.4 to 0.5 | 276 | 4.1% | |
| 0.5 to 0.6 | 430 | 6.3% | |
| 0.6 to 0.7 | 429 | 6.3% | |
| 0.7 to 0.8 | 967 | 14.2% | |
| 0.8 to 0.9 | 967 | 14.2% | |
| 0.9 to 1.0 | 621 | 9.1% |
Frequently asked questions
What is the average correlation of ADV?
Advantage Solutions Inc. Class A Common Stock (ADV) has an average correlation of about 0.316 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ADV 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 37.5%.
What is the most common correlation range for ADV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for ADV.
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