Agnico Eagle Mines Ltd. (AEM) Correlation Distribution
Across 6,809 rolling correlation observations between Agnico Eagle Mines Ltd. (AEM) and other NASDAQ-listed stocks, 49.2% are positive and 50.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.7% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,809
- Mean correlation
- 0.017
- Most common range
- -0.1 to 0.0
- Positive pairs
- 49.2%
- Strong positive (≥0.7)
- 4.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 73 | 1.1% | |
| -0.8 to -0.7 | 73 | 1.1% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 258 | 3.8% | |
| -0.5 to -0.4 | 431 | 6.3% | |
| -0.4 to -0.3 | 431 | 6.3% | |
| -0.3 to -0.2 | 620 | 9.1% | |
| -0.2 to -0.1 | 619 | 9.1% | |
| -0.1 to 0.0 | 695 | 10.2% | |
| 0.0 to 0.1 | 694 | 10.2% | |
| 0.1 to 0.2 | 457 | 6.7% | |
| 0.2 to 0.3 | 457 | 6.7% | |
| 0.3 to 0.4 | 386 | 5.7% | |
| 0.4 to 0.5 | 386 | 5.7% | |
| 0.5 to 0.6 | 325 | 4.8% | |
| 0.6 to 0.7 | 325 | 4.8% | |
| 0.7 to 0.8 | 151 | 2.2% | |
| 0.8 to 0.9 | 151 | 2.2% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of AEM?
Agnico Eagle Mines Ltd. (AEM) has an average correlation of about 0.017 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AEM positively correlated with other stocks?
Not predominantly — 49.2% of pairs are positive and 50.8% are negative. Strong positive correlations (≥0.7) make up 4.7%.
What is the most common correlation range for AEM?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 52% of all pairs.
Explore the full interactive correlation distribution for AEM.
Open interactive dashboard →