AJXA (AJXA) Correlation Distribution
Across 6,623 rolling correlation observations between AJXA (AJXA) and other NASDAQ-listed stocks, 81.2% are positive and 18.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.36, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 18.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,623
- Mean correlation
- 0.36
- Most common range
- 0.5 to 0.6
- Positive pairs
- 81.2%
- Strong positive (≥0.7)
- 18.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 4 | 0.1% | |
| -0.8 to -0.7 | 4 | 0.1% | |
| -0.7 to -0.6 | 66 | 1.0% | |
| -0.6 to -0.5 | 65 | 1.0% | |
| -0.5 to -0.4 | 123 | 1.9% | |
| -0.4 to -0.3 | 123 | 1.9% | |
| -0.3 to -0.2 | 241 | 3.6% | |
| -0.2 to -0.1 | 240 | 3.6% | |
| -0.1 to 0.0 | 378 | 5.7% | |
| 0.0 to 0.1 | 377 | 5.7% | |
| 0.1 to 0.2 | 414 | 6.3% | |
| 0.2 to 0.3 | 413 | 6.2% | |
| 0.3 to 0.4 | 630 | 9.5% | |
| 0.4 to 0.5 | 629 | 9.5% | |
| 0.5 to 0.6 | 858 | 13.0% | |
| 0.6 to 0.7 | 857 | 12.9% | |
| 0.7 to 0.8 | 588 | 8.9% | |
| 0.8 to 0.9 | 588 | 8.9% | |
| 0.9 to 1.0 | 25 | 0.4% |
Frequently asked questions
What is the average correlation of AJXA?
AJXA (AJXA) has an average correlation of about 0.36 with other NASDAQ stocks, based on 6,623 pairwise observations.
Is AJXA positively correlated with other stocks?
Mostly yes — 81.2% of pairs are positive and 18.8% are negative. Strong positive correlations (≥0.7) make up 18.1%.
What is the most common correlation range for AJXA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.1% of all pairs.
Explore the full interactive correlation distribution for AJXA.
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