AES Corporation (AES) Correlation Distribution
Across 6,809 rolling correlation observations between AES Corporation (AES) and other NASDAQ-listed stocks, 67.6% are positive and 32.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.165, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 3.2%.
- Total observations
- 6,809
- Mean correlation
- 0.165
- Most common range
- 0.3 to 0.4
- Positive pairs
- 67.6%
- Strong positive (≥0.7)
- 6.7%
- Sector
- Cogeneration Services & Small Power Producers
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 108 | 1.6% | |
| -0.8 to -0.7 | 108 | 1.6% | |
| -0.7 to -0.6 | 340 | 5.0% | |
| -0.6 to -0.5 | 339 | 5.0% | |
| -0.5 to -0.4 | 265 | 3.9% | |
| -0.4 to -0.3 | 264 | 3.9% | |
| -0.3 to -0.2 | 246 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 291 | 4.3% | |
| 0.0 to 0.1 | 291 | 4.3% | |
| 0.1 to 0.2 | 435 | 6.4% | |
| 0.2 to 0.3 | 434 | 6.4% | |
| 0.3 to 0.4 | 791 | 11.6% | |
| 0.4 to 0.5 | 791 | 11.6% | |
| 0.5 to 0.6 | 704 | 10.3% | |
| 0.6 to 0.7 | 703 | 10.3% | |
| 0.7 to 0.8 | 224 | 3.3% | |
| 0.8 to 0.9 | 224 | 3.3% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of AES?
AES Corporation (AES) has an average correlation of about 0.165 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AES positively correlated with other stocks?
Mostly yes — 67.6% of pairs are positive and 32.4% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for AES?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for AES.
Open interactive dashboard →