American Electric Power Company, Inc. (AEP) Correlation Distribution
Across 6,809 rolling correlation observations between American Electric Power Company, Inc. (AEP) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.1% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,809
- Mean correlation
- -0.016
- Most common range
- -0.3 to -0.2
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 1.1%
- Sector
- Electric Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 27 | 0.4% | |
| -0.7 to -0.6 | 104 | 1.5% | |
| -0.6 to -0.5 | 103 | 1.5% | |
| -0.5 to -0.4 | 647 | 9.5% | |
| -0.4 to -0.3 | 647 | 9.5% | |
| -0.3 to -0.2 | 855 | 12.6% | |
| -0.2 to -0.1 | 855 | 12.6% | |
| -0.1 to 0.0 | 521 | 7.7% | |
| 0.0 to 0.1 | 521 | 7.7% | |
| 0.1 to 0.2 | 511 | 7.5% | |
| 0.2 to 0.3 | 510 | 7.5% | |
| 0.3 to 0.4 | 481 | 7.1% | |
| 0.4 to 0.5 | 480 | 7.0% | |
| 0.5 to 0.6 | 224 | 3.3% | |
| 0.6 to 0.7 | 224 | 3.3% | |
| 0.7 to 0.8 | 36 | 0.5% | |
| 0.8 to 0.9 | 35 | 0.5% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of AEP?
American Electric Power Company, Inc. (AEP) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AEP positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 1.1%.
What is the most common correlation range for AEP?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.4% of all pairs.
Explore the full interactive correlation distribution for AEP.
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