AGAC (AGAC) Correlation Distribution
Across 6,109 rolling correlation observations between AGAC (AGAC) and other NASDAQ-listed stocks, 23.5% are positive and 76.5% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.332, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 28%.
- Total observations
- 6,109
- Mean correlation
- -0.332
- Most common range
- -0.7 to -0.6
- Positive pairs
- 23.5%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 61 | 1.0% | |
| -0.9 to -0.8 | 826 | 13.5% | |
| -0.8 to -0.7 | 826 | 13.5% | |
| -0.7 to -0.6 | 881 | 14.4% | |
| -0.6 to -0.5 | 880 | 14.4% | |
| -0.5 to -0.4 | 339 | 5.5% | |
| -0.4 to -0.3 | 339 | 5.5% | |
| -0.3 to -0.2 | 192 | 3.1% | |
| -0.2 to -0.1 | 192 | 3.1% | |
| -0.1 to 0.0 | 138 | 2.3% | |
| 0.0 to 0.1 | 137 | 2.2% | |
| 0.1 to 0.2 | 122 | 2.0% | |
| 0.2 to 0.3 | 122 | 2.0% | |
| 0.3 to 0.4 | 120 | 2.0% | |
| 0.4 to 0.5 | 120 | 2.0% | |
| 0.5 to 0.6 | 166 | 2.7% | |
| 0.6 to 0.7 | 166 | 2.7% | |
| 0.7 to 0.8 | 156 | 2.6% | |
| 0.8 to 0.9 | 156 | 2.6% | |
| 0.9 to 1.0 | 170 | 2.8% |
Frequently asked questions
What is the average correlation of AGAC?
AGAC (AGAC) has an average correlation of about -0.332 with other NASDAQ stocks, based on 6,109 pairwise observations.
Is AGAC positively correlated with other stocks?
Not predominantly — 23.5% of pairs are positive and 76.5% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for AGAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 14.8% of all pairs.
Explore the full interactive correlation distribution for AGAC.
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