Afya Limited Class A Common Shares (AFYA) Correlation Distribution
Across 6,809 rolling correlation observations between Afya Limited Class A Common Shares (AFYA) and other NASDAQ-listed stocks, 56.8% are positive and 43.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.8% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- 0.091
- Most common range
- 0.5 to 0.6
- Positive pairs
- 56.8%
- Strong positive (≥0.7)
- 4.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 263 | 3.9% | |
| -0.6 to -0.5 | 262 | 3.8% | |
| -0.5 to -0.4 | 418 | 6.1% | |
| -0.4 to -0.3 | 418 | 6.1% | |
| -0.3 to -0.2 | 511 | 7.5% | |
| -0.2 to -0.1 | 511 | 7.5% | |
| -0.1 to 0.0 | 453 | 6.7% | |
| 0.0 to 0.1 | 452 | 6.6% | |
| 0.1 to 0.2 | 447 | 6.6% | |
| 0.2 to 0.3 | 446 | 6.6% | |
| 0.3 to 0.4 | 503 | 7.4% | |
| 0.4 to 0.5 | 502 | 7.4% | |
| 0.5 to 0.6 | 596 | 8.8% | |
| 0.6 to 0.7 | 595 | 8.7% | |
| 0.7 to 0.8 | 164 | 2.4% | |
| 0.8 to 0.9 | 163 | 2.4% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of AFYA?
Afya Limited Class A Common Shares (AFYA) has an average correlation of about 0.091 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AFYA positively correlated with other stocks?
Mostly yes — 56.8% of pairs are positive and 43.2% are negative. Strong positive correlations (≥0.7) make up 4.8%.
What is the most common correlation range for AFYA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 41.4% of all pairs.
Explore the full interactive correlation distribution for AFYA.
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