Ametek, Inc. (AME) Correlation Distribution
Across 6,809 rolling correlation observations between Ametek, Inc. (AME) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.054, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 7.8%.
- Total observations
- 6,809
- Mean correlation
- -0.054
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 16.4%
- Sector
- Industrial Instruments For Measurement, Display, And Control
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 266 | 3.9% | |
| -0.8 to -0.7 | 266 | 3.9% | |
| -0.7 to -0.6 | 743 | 10.9% | |
| -0.6 to -0.5 | 743 | 10.9% | |
| -0.5 to -0.4 | 561 | 8.2% | |
| -0.4 to -0.3 | 561 | 8.2% | |
| -0.3 to -0.2 | 321 | 4.7% | |
| -0.2 to -0.1 | 320 | 4.7% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 233 | 3.4% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 218 | 3.2% | |
| 0.3 to 0.4 | 217 | 3.2% | |
| 0.4 to 0.5 | 217 | 3.2% | |
| 0.5 to 0.6 | 285 | 4.2% | |
| 0.6 to 0.7 | 285 | 4.2% | |
| 0.7 to 0.8 | 476 | 7.0% | |
| 0.8 to 0.9 | 475 | 7.0% | |
| 0.9 to 1.0 | 169 | 2.5% |
Frequently asked questions
What is the average correlation of AME?
Ametek, Inc. (AME) has an average correlation of about -0.054 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AME positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for AME?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.7% of all pairs.
Explore the full interactive correlation distribution for AME.
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