ALIM (ALIM) Correlation Distribution
Across 6,771 rolling correlation observations between ALIM (ALIM) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,771
- Mean correlation
- 0.244
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 162 | 2.4% | |
| -0.6 to -0.5 | 162 | 2.4% | |
| -0.5 to -0.4 | 359 | 5.3% | |
| -0.4 to -0.3 | 359 | 5.3% | |
| -0.3 to -0.2 | 315 | 4.7% | |
| -0.2 to -0.1 | 315 | 4.7% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 347 | 5.1% | |
| 0.2 to 0.3 | 346 | 5.1% | |
| 0.3 to 0.4 | 578 | 8.5% | |
| 0.4 to 0.5 | 577 | 8.5% | |
| 0.5 to 0.6 | 1,043 | 15.4% | |
| 0.6 to 0.7 | 1,042 | 15.4% | |
| 0.7 to 0.8 | 273 | 4.0% | |
| 0.8 to 0.9 | 272 | 4.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ALIM?
ALIM (ALIM) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,771 pairwise observations.
Is ALIM positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 8%.
What is the most common correlation range for ALIM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.2% of all pairs.
Explore the full interactive correlation distribution for ALIM.
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