AFAR (AFAR) Correlation Distribution
Across 5,654 rolling correlation observations between AFAR (AFAR) and other NASDAQ-listed stocks, 41.9% are positive and 58.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.098, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18.4% and strong negative correlations (≤−0.7) for 25.9%.
- Total observations
- 5,654
- Mean correlation
- -0.098
- Most common range
- -0.9 to -0.8
- Positive pairs
- 41.9%
- Strong positive (≥0.7)
- 18.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 169 | 3.0% | |
| -0.9 to -0.8 | 647 | 11.4% | |
| -0.8 to -0.7 | 647 | 11.4% | |
| -0.7 to -0.6 | 364 | 6.4% | |
| -0.6 to -0.5 | 364 | 6.4% | |
| -0.5 to -0.4 | 250 | 4.4% | |
| -0.4 to -0.3 | 250 | 4.4% | |
| -0.3 to -0.2 | 204 | 3.6% | |
| -0.2 to -0.1 | 204 | 3.6% | |
| -0.1 to 0.0 | 185 | 3.3% | |
| 0.0 to 0.1 | 185 | 3.3% | |
| 0.1 to 0.2 | 168 | 3.0% | |
| 0.2 to 0.3 | 167 | 3.0% | |
| 0.3 to 0.4 | 180 | 3.2% | |
| 0.4 to 0.5 | 180 | 3.2% | |
| 0.5 to 0.6 | 225 | 4.0% | |
| 0.6 to 0.7 | 224 | 4.0% | |
| 0.7 to 0.8 | 370 | 6.5% | |
| 0.8 to 0.9 | 369 | 6.5% | |
| 0.9 to 1.0 | 302 | 5.3% |
Frequently asked questions
What is the average correlation of AFAR?
AFAR (AFAR) has an average correlation of about -0.098 with other NASDAQ stocks, based on 5,654 pairwise observations.
Is AFAR positively correlated with other stocks?
Not predominantly — 41.9% of pairs are positive and 58.1% are negative. Strong positive correlations (≥0.7) make up 18.4%.
What is the most common correlation range for AFAR?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for AFAR.
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