Air T, Inc. Air T Funding Alpha Income Trust Preferred Securities (AIRTP) Correlation Distribution
Across 6,643 rolling correlation observations between Air T, Inc. Air T Funding Alpha Income Trust Preferred Securities (AIRTP) and other NASDAQ-listed stocks, 68.6% are positive and 31.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31% and strong negative correlations (≤−0.7) for 11%.
- Total observations
- 6,643
- Mean correlation
- 0.254
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.6%
- Strong positive (≥0.7)
- 31%
- Sector
- Air Courier Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 23 | 0.3% | |
| -0.9 to -0.8 | 355 | 5.3% | |
| -0.8 to -0.7 | 354 | 5.3% | |
| -0.7 to -0.6 | 235 | 3.5% | |
| -0.6 to -0.5 | 234 | 3.5% | |
| -0.5 to -0.4 | 188 | 2.8% | |
| -0.4 to -0.3 | 188 | 2.8% | |
| -0.3 to -0.2 | 162 | 2.4% | |
| -0.2 to -0.1 | 161 | 2.4% | |
| -0.1 to 0.0 | 186 | 2.8% | |
| 0.0 to 0.1 | 185 | 2.8% | |
| 0.1 to 0.2 | 204 | 3.1% | |
| 0.2 to 0.3 | 204 | 3.1% | |
| 0.3 to 0.4 | 293 | 4.4% | |
| 0.4 to 0.5 | 292 | 4.4% | |
| 0.5 to 0.6 | 659 | 9.9% | |
| 0.6 to 0.7 | 659 | 9.9% | |
| 0.7 to 0.8 | 976 | 14.7% | |
| 0.8 to 0.9 | 975 | 14.7% | |
| 0.9 to 1.0 | 110 | 1.7% |
Frequently asked questions
What is the average correlation of AIRTP?
Air T, Inc. Air T Funding Alpha Income Trust Preferred Securities (AIRTP) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,643 pairwise observations.
Is AIRTP positively correlated with other stocks?
Mostly yes — 68.6% of pairs are positive and 31.4% are negative. Strong positive correlations (≥0.7) make up 31%.
What is the most common correlation range for AIRTP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for AIRTP.
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