AAR Corp. (AIR) Correlation Distribution
Across 6,809 rolling correlation observations between AAR Corp. (AIR) and other NASDAQ-listed stocks, 38% are positive and 62% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 13.9% and strong negative correlations (≤−0.7) for 19.7%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38%
- Strong positive (≥0.7)
- 13.9%
- Sector
- Aircraft & Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 664 | 9.8% | |
| -0.8 to -0.7 | 663 | 9.7% | |
| -0.7 to -0.6 | 712 | 10.5% | |
| -0.6 to -0.5 | 711 | 10.4% | |
| -0.5 to -0.4 | 375 | 5.5% | |
| -0.4 to -0.3 | 374 | 5.5% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 240 | 3.5% | |
| -0.1 to 0.0 | 227 | 3.3% | |
| 0.0 to 0.1 | 227 | 3.3% | |
| 0.1 to 0.2 | 217 | 3.2% | |
| 0.2 to 0.3 | 216 | 3.2% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 277 | 4.1% | |
| 0.6 to 0.7 | 276 | 4.1% | |
| 0.7 to 0.8 | 425 | 6.2% | |
| 0.8 to 0.9 | 425 | 6.2% | |
| 0.9 to 1.0 | 97 | 1.4% |
Frequently asked questions
What is the average correlation of AIR?
AAR Corp. (AIR) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AIR positively correlated with other stocks?
Not predominantly — 38% of pairs are positive and 62% are negative. Strong positive correlations (≥0.7) make up 13.9%.
What is the most common correlation range for AIR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for AIR.
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