Forafric Global PLC Ordinary Shares (AFRI) Correlation Distribution
Across 6,659 rolling correlation observations between Forafric Global PLC Ordinary Shares (AFRI) and other NASDAQ-listed stocks, 47.2% are positive and 52.8% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is -0.032, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0.6% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,659
- Mean correlation
- -0.032
- Most common range
- -0.1 to 0.0
- Positive pairs
- 47.2%
- Strong positive (≥0.7)
- 0.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 39 | 0.6% | |
| -0.8 to -0.7 | 39 | 0.6% | |
| -0.7 to -0.6 | 312 | 4.7% | |
| -0.6 to -0.5 | 312 | 4.7% | |
| -0.5 to -0.4 | 551 | 8.3% | |
| -0.4 to -0.3 | 550 | 8.3% | |
| -0.3 to -0.2 | 563 | 8.5% | |
| -0.2 to -0.1 | 562 | 8.4% | |
| -0.1 to 0.0 | 591 | 8.9% | |
| 0.0 to 0.1 | 591 | 8.9% | |
| 0.1 to 0.2 | 574 | 8.6% | |
| 0.2 to 0.3 | 574 | 8.6% | |
| 0.3 to 0.4 | 474 | 7.1% | |
| 0.4 to 0.5 | 474 | 7.1% | |
| 0.5 to 0.6 | 207 | 3.1% | |
| 0.6 to 0.7 | 207 | 3.1% | |
| 0.7 to 0.8 | 20 | 0.3% | |
| 0.8 to 0.9 | 19 | 0.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AFRI?
Forafric Global PLC Ordinary Shares (AFRI) has an average correlation of about -0.032 with other NASDAQ stocks, based on 6,659 pairwise observations.
Is AFRI positively correlated with other stocks?
Not predominantly — 47.2% of pairs are positive and 52.8% are negative. Strong positive correlations (≥0.7) make up 0.6%.
What is the most common correlation range for AFRI?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 51.9% of all pairs.
Explore the full interactive correlation distribution for AFRI.
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