Aflac Inc. (AFL) Correlation Distribution
Across 6,809 rolling correlation observations between Aflac Inc. (AFL) and other NASDAQ-listed stocks, 38.4% are positive and 61.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.117, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 17.5%.
- Total observations
- 6,809
- Mean correlation
- -0.117
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.4%
- Strong positive (≥0.7)
- 17.3%
- Sector
- Accident & Health Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 582 | 8.5% | |
| -0.8 to -0.7 | 582 | 8.5% | |
| -0.7 to -0.6 | 795 | 11.7% | |
| -0.6 to -0.5 | 795 | 11.7% | |
| -0.5 to -0.4 | 372 | 5.5% | |
| -0.4 to -0.3 | 372 | 5.5% | |
| -0.3 to -0.2 | 237 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 195 | 2.9% | |
| 0.1 to 0.2 | 197 | 2.9% | |
| 0.2 to 0.3 | 196 | 2.9% | |
| 0.3 to 0.4 | 190 | 2.8% | |
| 0.4 to 0.5 | 189 | 2.8% | |
| 0.5 to 0.6 | 237 | 3.5% | |
| 0.6 to 0.7 | 237 | 3.5% | |
| 0.7 to 0.8 | 418 | 6.1% | |
| 0.8 to 0.9 | 417 | 6.1% | |
| 0.9 to 1.0 | 342 | 5.0% |
Frequently asked questions
What is the average correlation of AFL?
Aflac Inc. (AFL) has an average correlation of about -0.117 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AFL positively correlated with other stocks?
Not predominantly — 38.4% of pairs are positive and 61.6% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for AFL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for AFL.
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