ALPN (ALPN) Correlation Distribution
Across 6,654 rolling correlation observations between ALPN (ALPN) and other NASDAQ-listed stocks, 40.6% are positive and 59.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 3.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,654
- Mean correlation
- -0.003
- Most common range
- -0.3 to -0.2
- Positive pairs
- 40.6%
- Strong positive (≥0.7)
- 3.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.2% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 128 | 1.9% | |
| -0.6 to -0.5 | 127 | 1.9% | |
| -0.5 to -0.4 | 451 | 6.8% | |
| -0.4 to -0.3 | 450 | 6.8% | |
| -0.3 to -0.2 | 1,140 | 17.1% | |
| -0.2 to -0.1 | 1,140 | 17.1% | |
| -0.1 to 0.0 | 495 | 7.4% | |
| 0.0 to 0.1 | 494 | 7.4% | |
| 0.1 to 0.2 | 354 | 5.3% | |
| 0.2 to 0.3 | 353 | 5.3% | |
| 0.3 to 0.4 | 321 | 4.8% | |
| 0.4 to 0.5 | 321 | 4.8% | |
| 0.5 to 0.6 | 311 | 4.7% | |
| 0.6 to 0.7 | 311 | 4.7% | |
| 0.7 to 0.8 | 116 | 1.7% | |
| 0.8 to 0.9 | 116 | 1.7% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of ALPN?
ALPN (ALPN) has an average correlation of about -0.003 with other NASDAQ stocks, based on 6,654 pairwise observations.
Is ALPN positively correlated with other stocks?
Not predominantly — 40.6% of pairs are positive and 59.4% are negative. Strong positive correlations (≥0.7) make up 3.6%.
What is the most common correlation range for ALPN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 59.8% of all pairs.
Explore the full interactive correlation distribution for ALPN.
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