Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO) Correlation Distribution
Across 6,809 rolling correlation observations between Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO) and other NASDAQ-listed stocks, 64.7% are positive and 35.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.4% and strong negative correlations (≤−0.7) for 6.8%.
- Total observations
- 6,809
- Mean correlation
- 0.242
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.7%
- Strong positive (≥0.7)
- 33.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 223 | 3.3% | |
| -0.8 to -0.7 | 223 | 3.3% | |
| -0.7 to -0.6 | 348 | 5.1% | |
| -0.6 to -0.5 | 348 | 5.1% | |
| -0.5 to -0.4 | 275 | 4.0% | |
| -0.4 to -0.3 | 274 | 4.0% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 236 | 3.5% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 253 | 3.7% | |
| 0.2 to 0.3 | 252 | 3.7% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 275 | 4.0% | |
| 0.5 to 0.6 | 426 | 6.3% | |
| 0.6 to 0.7 | 425 | 6.2% | |
| 0.7 to 0.8 | 813 | 11.9% | |
| 0.8 to 0.9 | 812 | 11.9% | |
| 0.9 to 1.0 | 650 | 9.5% |
Frequently asked questions
What is the average correlation of AMBO?
Ambow Education Holding Ltd. American Depository Shares (each representing twenty (20) Class A Ordinary Shares) (AMBO) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AMBO positively correlated with other stocks?
Mostly yes — 64.7% of pairs are positive and 35.3% are negative. Strong positive correlations (≥0.7) make up 33.4%.
What is the most common correlation range for AMBO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21% of all pairs.
Explore the full interactive correlation distribution for AMBO.
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