Air T Inc (AIRT) Correlation Distribution
Across 6,788 rolling correlation observations between Air T Inc (AIRT) and other NASDAQ-listed stocks, 75.6% are positive and 24.4% are negative. The most common correlation range is 0.1 to 0.2, and the average pairwise correlation is 0.183, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.3% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,788
- Mean correlation
- 0.183
- Most common range
- 0.1 to 0.2
- Positive pairs
- 75.6%
- Strong positive (≥0.7)
- 0.3%
- Sector
- Air Courier Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 16 | 0.2% | |
| -0.6 to -0.5 | 16 | 0.2% | |
| -0.5 to -0.4 | 100 | 1.5% | |
| -0.4 to -0.3 | 100 | 1.5% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 768 | 11.3% | |
| 0.0 to 0.1 | 767 | 11.3% | |
| 0.1 to 0.2 | 1,016 | 15.0% | |
| 0.2 to 0.3 | 1,015 | 15.0% | |
| 0.3 to 0.4 | 848 | 12.5% | |
| 0.4 to 0.5 | 848 | 12.5% | |
| 0.5 to 0.6 | 311 | 4.6% | |
| 0.6 to 0.7 | 311 | 4.6% | |
| 0.7 to 0.8 | 10 | 0.1% | |
| 0.8 to 0.9 | 9 | 0.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AIRT?
Air T Inc (AIRT) has an average correlation of about 0.183 with other NASDAQ stocks, based on 6,788 pairwise observations.
Is AIRT positively correlated with other stocks?
Mostly yes — 75.6% of pairs are positive and 24.4% are negative. Strong positive correlations (≥0.7) make up 0.3%.
What is the most common correlation range for AIRT?
The most common range is 0.1 to 0.2. Weak correlations (−0.3 to 0.3) account for 62.2% of all pairs.
Explore the full interactive correlation distribution for AIRT.
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