AJX (AJX) Correlation Distribution
Across 6,789 rolling correlation observations between AJX (AJX) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.3% and strong negative correlations (≤−0.7) for 8.7%.
- Total observations
- 6,789
- Mean correlation
- 0.283
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 33.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 86 | 1.3% | |
| -0.9 to -0.8 | 254 | 3.7% | |
| -0.8 to -0.7 | 253 | 3.7% | |
| -0.7 to -0.6 | 249 | 3.7% | |
| -0.6 to -0.5 | 249 | 3.7% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 198 | 2.9% | |
| -0.3 to -0.2 | 176 | 2.6% | |
| -0.2 to -0.1 | 175 | 2.6% | |
| -0.1 to 0.0 | 178 | 2.6% | |
| 0.0 to 0.1 | 177 | 2.6% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 330 | 4.9% | |
| 0.4 to 0.5 | 330 | 4.9% | |
| 0.5 to 0.6 | 613 | 9.0% | |
| 0.6 to 0.7 | 613 | 9.0% | |
| 0.7 to 0.8 | 1,012 | 14.9% | |
| 0.8 to 0.9 | 1,011 | 14.9% | |
| 0.9 to 1.0 | 238 | 3.5% |
Frequently asked questions
What is the average correlation of AJX?
AJX (AJX) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,789 pairwise observations.
Is AJX positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 33.3%.
What is the most common correlation range for AJX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17% of all pairs.
Explore the full interactive correlation distribution for AJX.
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