ALPINE 4 HOLDINGS INC A (ALPP) Correlation Distribution
Across 6,797 rolling correlation observations between ALPINE 4 HOLDINGS INC A (ALPP) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.332, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.9% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,797
- Mean correlation
- 0.332
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 39.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 12 | 0.2% | |
| -0.9 to -0.8 | 110 | 1.6% | |
| -0.8 to -0.7 | 109 | 1.6% | |
| -0.7 to -0.6 | 309 | 4.5% | |
| -0.6 to -0.5 | 308 | 4.5% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 276 | 4.1% | |
| -0.3 to -0.2 | 219 | 3.2% | |
| -0.2 to -0.1 | 218 | 3.2% | |
| -0.1 to 0.0 | 208 | 3.1% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 216 | 3.2% | |
| 0.2 to 0.3 | 215 | 3.2% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 427 | 6.3% | |
| 0.6 to 0.7 | 427 | 6.3% | |
| 0.7 to 0.8 | 907 | 13.3% | |
| 0.8 to 0.9 | 907 | 13.3% | |
| 0.9 to 1.0 | 896 | 13.2% |
Frequently asked questions
What is the average correlation of ALPP?
ALPINE 4 HOLDINGS INC A (ALPP) has an average correlation of about 0.332 with other NASDAQ stocks, based on 6,797 pairwise observations.
Is ALPP positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 39.9%.
What is the most common correlation range for ALPP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.9% of all pairs.
Explore the full interactive correlation distribution for ALPP.
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