AEL (AEL) Correlation Distribution
Across 6,645 rolling correlation observations between AEL (AEL) and other NASDAQ-listed stocks, 35.1% are positive and 64.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.167, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 18.8%.
- Total observations
- 6,645
- Mean correlation
- -0.167
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.1%
- Strong positive (≥0.7)
- 13.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 621 | 9.3% | |
| -0.8 to -0.7 | 620 | 9.3% | |
| -0.7 to -0.6 | 762 | 11.5% | |
| -0.6 to -0.5 | 761 | 11.5% | |
| -0.5 to -0.4 | 408 | 6.1% | |
| -0.4 to -0.3 | 407 | 6.1% | |
| -0.3 to -0.2 | 262 | 3.9% | |
| -0.2 to -0.1 | 261 | 3.9% | |
| -0.1 to 0.0 | 197 | 3.0% | |
| 0.0 to 0.1 | 197 | 3.0% | |
| 0.1 to 0.2 | 196 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 198 | 3.0% | |
| 0.4 to 0.5 | 198 | 3.0% | |
| 0.5 to 0.6 | 238 | 3.6% | |
| 0.6 to 0.7 | 237 | 3.6% | |
| 0.7 to 0.8 | 393 | 5.9% | |
| 0.8 to 0.9 | 392 | 5.9% | |
| 0.9 to 1.0 | 90 | 1.4% |
Frequently asked questions
What is the average correlation of AEL?
AEL (AEL) has an average correlation of about -0.167 with other NASDAQ stocks, based on 6,645 pairwise observations.
Is AEL positively correlated with other stocks?
Not predominantly — 35.1% of pairs are positive and 64.9% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for AEL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for AEL.
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