Advanced Energy Industries Inc (AEIS) Correlation Distribution
Across 6,809 rolling correlation observations between Advanced Energy Industries Inc (AEIS) and other NASDAQ-listed stocks, 51.2% are positive and 48.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.059
- Most common range
- -0.3 to -0.2
- Positive pairs
- 51.2%
- Strong positive (≥0.7)
- 2.2%
- Sector
- Electronic Components, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 168 | 2.5% | |
| -0.6 to -0.5 | 168 | 2.5% | |
| -0.5 to -0.4 | 468 | 6.9% | |
| -0.4 to -0.3 | 468 | 6.9% | |
| -0.3 to -0.2 | 739 | 10.9% | |
| -0.2 to -0.1 | 739 | 10.9% | |
| -0.1 to 0.0 | 560 | 8.2% | |
| 0.0 to 0.1 | 559 | 8.2% | |
| 0.1 to 0.2 | 415 | 6.1% | |
| 0.2 to 0.3 | 414 | 6.1% | |
| 0.3 to 0.4 | 436 | 6.4% | |
| 0.4 to 0.5 | 435 | 6.4% | |
| 0.5 to 0.6 | 537 | 7.9% | |
| 0.6 to 0.7 | 537 | 7.9% | |
| 0.7 to 0.8 | 77 | 1.1% | |
| 0.8 to 0.9 | 76 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AEIS?
Advanced Energy Industries Inc (AEIS) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AEIS positively correlated with other stocks?
Mostly yes — 51.2% of pairs are positive and 48.8% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for AEIS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 50.3% of all pairs.
Explore the full interactive correlation distribution for AEIS.
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