Albany International Corp Class A (AIN) Correlation Distribution
Across 6,809 rolling correlation observations between Albany International Corp Class A (AIN) and other NASDAQ-listed stocks, 49.8% are positive and 50.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.6% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,809
- Mean correlation
- 0.012
- Most common range
- -0.1 to 0.0
- Positive pairs
- 49.8%
- Strong positive (≥0.7)
- 2.6%
- Sector
- Broadwoven Fabric Mills, Man Made Fiber & Silk
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 32 | 0.5% | |
| -0.7 to -0.6 | 201 | 3.0% | |
| -0.6 to -0.5 | 201 | 3.0% | |
| -0.5 to -0.4 | 532 | 7.8% | |
| -0.4 to -0.3 | 532 | 7.8% | |
| -0.3 to -0.2 | 625 | 9.2% | |
| -0.2 to -0.1 | 624 | 9.2% | |
| -0.1 to 0.0 | 641 | 9.4% | |
| 0.0 to 0.1 | 641 | 9.4% | |
| 0.1 to 0.2 | 571 | 8.4% | |
| 0.2 to 0.3 | 570 | 8.4% | |
| 0.3 to 0.4 | 438 | 6.4% | |
| 0.4 to 0.5 | 438 | 6.4% | |
| 0.5 to 0.6 | 278 | 4.1% | |
| 0.6 to 0.7 | 277 | 4.1% | |
| 0.7 to 0.8 | 87 | 1.3% | |
| 0.8 to 0.9 | 86 | 1.3% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of AIN?
Albany International Corp Class A (AIN) has an average correlation of about 0.012 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AIN positively correlated with other stocks?
Not predominantly — 49.8% of pairs are positive and 50.2% are negative. Strong positive correlations (≥0.7) make up 2.6%.
What is the most common correlation range for AIN?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 53.9% of all pairs.
Explore the full interactive correlation distribution for AIN.
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