abrdn Emerging Markets ex-China Fund, Inc. (AEF) Correlation Distribution
Across 6,809 rolling correlation observations between abrdn Emerging Markets ex-China Fund, Inc. (AEF) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.337, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 37% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.337
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 37%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 44 | 0.6% | |
| -0.7 to -0.6 | 243 | 3.6% | |
| -0.6 to -0.5 | 243 | 3.6% | |
| -0.5 to -0.4 | 294 | 4.3% | |
| -0.4 to -0.3 | 293 | 4.3% | |
| -0.3 to -0.2 | 273 | 4.0% | |
| -0.2 to -0.1 | 272 | 4.0% | |
| -0.1 to 0.0 | 281 | 4.1% | |
| 0.0 to 0.1 | 281 | 4.1% | |
| 0.1 to 0.2 | 260 | 3.8% | |
| 0.2 to 0.3 | 260 | 3.8% | |
| 0.3 to 0.4 | 308 | 4.5% | |
| 0.4 to 0.5 | 307 | 4.5% | |
| 0.5 to 0.6 | 441 | 6.5% | |
| 0.6 to 0.7 | 441 | 6.5% | |
| 0.7 to 0.8 | 906 | 13.3% | |
| 0.8 to 0.9 | 905 | 13.3% | |
| 0.9 to 1.0 | 709 | 10.4% |
Frequently asked questions
What is the average correlation of AEF?
abrdn Emerging Markets ex-China Fund, Inc. (AEF) has an average correlation of about 0.337 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AEF positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 37%.
What is the most common correlation range for AEF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for AEF.
Open interactive dashboard →