Aehr Test Systems (AEHR) Correlation Distribution
Across 6,809 rolling correlation observations between Aehr Test Systems (AEHR) and other NASDAQ-listed stocks, 34.6% are positive and 65.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.138, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- -0.138
- Most common range
- -0.5 to -0.4
- Positive pairs
- 34.6%
- Strong positive (≥0.7)
- 2.4%
- Sector
- Instruments For Meas & Testing Of Electricity & Elec Signals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 64 | 0.9% | |
| -0.8 to -0.7 | 64 | 0.9% | |
| -0.7 to -0.6 | 651 | 9.6% | |
| -0.6 to -0.5 | 651 | 9.6% | |
| -0.5 to -0.4 | 707 | 10.4% | |
| -0.4 to -0.3 | 706 | 10.4% | |
| -0.3 to -0.2 | 568 | 8.3% | |
| -0.2 to -0.1 | 568 | 8.3% | |
| -0.1 to 0.0 | 471 | 6.9% | |
| 0.0 to 0.1 | 471 | 6.9% | |
| 0.1 to 0.2 | 401 | 5.9% | |
| 0.2 to 0.3 | 400 | 5.9% | |
| 0.3 to 0.4 | 282 | 4.1% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 179 | 2.6% | |
| 0.6 to 0.7 | 178 | 2.6% | |
| 0.7 to 0.8 | 78 | 1.1% | |
| 0.8 to 0.9 | 78 | 1.1% | |
| 0.9 to 1.0 | 10 | 0.1% |
Frequently asked questions
What is the average correlation of AEHR?
Aehr Test Systems (AEHR) has an average correlation of about -0.138 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AEHR positively correlated with other stocks?
Not predominantly — 34.6% of pairs are positive and 65.4% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for AEHR?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.3% of all pairs.
Explore the full interactive correlation distribution for AEHR.
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