Alight, Inc. (ALIT) Correlation Distribution
Across 6,805 rolling correlation observations between Alight, Inc. (ALIT) and other NASDAQ-listed stocks, 70% are positive and 30% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.25, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.7% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,805
- Mean correlation
- 0.25
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70%
- Strong positive (≥0.7)
- 12.7%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 32 | 0.5% | |
| -0.8 to -0.7 | 31 | 0.5% | |
| -0.7 to -0.6 | 279 | 4.1% | |
| -0.6 to -0.5 | 278 | 4.1% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 317 | 4.7% | |
| -0.3 to -0.2 | 268 | 3.9% | |
| -0.2 to -0.1 | 267 | 3.9% | |
| -0.1 to 0.0 | 249 | 3.7% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 307 | 4.5% | |
| 0.2 to 0.3 | 306 | 4.5% | |
| 0.3 to 0.4 | 477 | 7.0% | |
| 0.4 to 0.5 | 476 | 7.0% | |
| 0.5 to 0.6 | 1,043 | 15.3% | |
| 0.6 to 0.7 | 1,043 | 15.3% | |
| 0.7 to 0.8 | 433 | 6.4% | |
| 0.8 to 0.9 | 433 | 6.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ALIT?
Alight, Inc. (ALIT) has an average correlation of about 0.25 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is ALIT positively correlated with other stocks?
Mostly yes — 70% of pairs are positive and 30% are negative. Strong positive correlations (≥0.7) make up 12.7%.
What is the most common correlation range for ALIT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.2% of all pairs.
Explore the full interactive correlation distribution for ALIT.
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