Applied Industrial Technologies, Inc. (AIT) Correlation Distribution
Across 6,809 rolling correlation observations between Applied Industrial Technologies, Inc. (AIT) and other NASDAQ-listed stocks, 37.6% are positive and 62.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.124, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 17.3% and strong negative correlations (≤−0.7) for 17.8%.
- Total observations
- 6,809
- Mean correlation
- -0.124
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.6%
- Strong positive (≥0.7)
- 17.3%
- Sector
- Wholesale-Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 25 | 0.4% | |
| -0.9 to -0.8 | 595 | 8.7% | |
| -0.8 to -0.7 | 595 | 8.7% | |
| -0.7 to -0.6 | 833 | 12.2% | |
| -0.6 to -0.5 | 833 | 12.2% | |
| -0.5 to -0.4 | 351 | 5.2% | |
| -0.4 to -0.3 | 351 | 5.2% | |
| -0.3 to -0.2 | 239 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 188 | 2.8% | |
| 0.0 to 0.1 | 187 | 2.7% | |
| 0.1 to 0.2 | 185 | 2.7% | |
| 0.2 to 0.3 | 185 | 2.7% | |
| 0.3 to 0.4 | 185 | 2.7% | |
| 0.4 to 0.5 | 184 | 2.7% | |
| 0.5 to 0.6 | 227 | 3.3% | |
| 0.6 to 0.7 | 227 | 3.3% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 363 | 5.3% | |
| 0.9 to 1.0 | 455 | 6.7% |
Frequently asked questions
What is the average correlation of AIT?
Applied Industrial Technologies, Inc. (AIT) has an average correlation of about -0.124 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AIT positively correlated with other stocks?
Not predominantly — 37.6% of pairs are positive and 62.4% are negative. Strong positive correlations (≥0.7) make up 17.3%.
What is the most common correlation range for AIT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for AIT.
Open interactive dashboard →