Amalgamated Financial Corp. Common Stock (DE) (AMAL) Correlation Distribution
Across 6,809 rolling correlation observations between Amalgamated Financial Corp. Common Stock (DE) (AMAL) and other NASDAQ-listed stocks, 38.8% are positive and 61.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.088, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.7% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.088
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.8%
- Strong positive (≥0.7)
- 12.7%
- Sector
- State Commercial Banks
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 185 | 2.7% | |
| -0.8 to -0.7 | 185 | 2.7% | |
| -0.7 to -0.6 | 888 | 13.0% | |
| -0.6 to -0.5 | 888 | 13.0% | |
| -0.5 to -0.4 | 575 | 8.4% | |
| -0.4 to -0.3 | 575 | 8.4% | |
| -0.3 to -0.2 | 311 | 4.6% | |
| -0.2 to -0.1 | 310 | 4.6% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 222 | 3.3% | |
| 0.2 to 0.3 | 222 | 3.3% | |
| 0.3 to 0.4 | 230 | 3.4% | |
| 0.4 to 0.5 | 230 | 3.4% | |
| 0.5 to 0.6 | 313 | 4.6% | |
| 0.6 to 0.7 | 313 | 4.6% | |
| 0.7 to 0.8 | 407 | 6.0% | |
| 0.8 to 0.9 | 407 | 6.0% | |
| 0.9 to 1.0 | 54 | 0.8% |
Frequently asked questions
What is the average correlation of AMAL?
Amalgamated Financial Corp. Common Stock (DE) (AMAL) has an average correlation of about -0.088 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AMAL positively correlated with other stocks?
Not predominantly — 38.8% of pairs are positive and 61.2% are negative. Strong positive correlations (≥0.7) make up 12.7%.
What is the most common correlation range for AMAL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.9% of all pairs.
Explore the full interactive correlation distribution for AMAL.
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