Applied Materials Inc (AMAT) Correlation Distribution
Across 6,809 rolling correlation observations between Applied Materials Inc (AMAT) and other NASDAQ-listed stocks, 46.5% are positive and 53.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.027, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,809
- Mean correlation
- 0.027
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.5%
- Strong positive (≥0.7)
- 12.1%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 389 | 5.7% | |
| -0.6 to -0.5 | 388 | 5.7% | |
| -0.5 to -0.4 | 650 | 9.5% | |
| -0.4 to -0.3 | 650 | 9.5% | |
| -0.3 to -0.2 | 540 | 7.9% | |
| -0.2 to -0.1 | 539 | 7.9% | |
| -0.1 to 0.0 | 359 | 5.3% | |
| 0.0 to 0.1 | 359 | 5.3% | |
| 0.1 to 0.2 | 311 | 4.6% | |
| 0.2 to 0.3 | 310 | 4.6% | |
| 0.3 to 0.4 | 305 | 4.5% | |
| 0.4 to 0.5 | 304 | 4.5% | |
| 0.5 to 0.6 | 379 | 5.6% | |
| 0.6 to 0.7 | 378 | 5.6% | |
| 0.7 to 0.8 | 400 | 5.9% | |
| 0.8 to 0.9 | 399 | 5.9% | |
| 0.9 to 1.0 | 24 | 0.4% |
Frequently asked questions
What is the average correlation of AMAT?
Applied Materials Inc (AMAT) has an average correlation of about 0.027 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AMAT positively correlated with other stocks?
Not predominantly — 46.5% of pairs are positive and 53.5% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for AMAT?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.5% of all pairs.
Explore the full interactive correlation distribution for AMAT.
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