Alamos Gold Inc. Class A Common Shares (AGI) Correlation Distribution
Across 6,809 rolling correlation observations between Alamos Gold Inc. Class A Common Shares (AGI) and other NASDAQ-listed stocks, 35.4% are positive and 64.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.131, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 12.8% and strong negative correlations (≤−0.7) for 9.7%.
- Total observations
- 6,809
- Mean correlation
- -0.131
- Most common range
- -0.7 to -0.6
- Positive pairs
- 35.4%
- Strong positive (≥0.7)
- 12.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 324 | 4.8% | |
| -0.8 to -0.7 | 323 | 4.7% | |
| -0.7 to -0.6 | 855 | 12.6% | |
| -0.6 to -0.5 | 854 | 12.5% | |
| -0.5 to -0.4 | 618 | 9.1% | |
| -0.4 to -0.3 | 617 | 9.1% | |
| -0.3 to -0.2 | 293 | 4.3% | |
| -0.2 to -0.1 | 293 | 4.3% | |
| -0.1 to 0.0 | 206 | 3.0% | |
| 0.0 to 0.1 | 205 | 3.0% | |
| 0.1 to 0.2 | 205 | 3.0% | |
| 0.2 to 0.3 | 204 | 3.0% | |
| 0.3 to 0.4 | 209 | 3.1% | |
| 0.4 to 0.5 | 208 | 3.1% | |
| 0.5 to 0.6 | 255 | 3.7% | |
| 0.6 to 0.7 | 254 | 3.7% | |
| 0.7 to 0.8 | 347 | 5.1% | |
| 0.8 to 0.9 | 346 | 5.1% | |
| 0.9 to 1.0 | 178 | 2.6% |
Frequently asked questions
What is the average correlation of AGI?
Alamos Gold Inc. Class A Common Shares (AGI) has an average correlation of about -0.131 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AGI positively correlated with other stocks?
Not predominantly — 35.4% of pairs are positive and 64.6% are negative. Strong positive correlations (≥0.7) make up 12.8%.
What is the most common correlation range for AGI?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for AGI.
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