AMNB (AMNB) Correlation Distribution
Across 6,590 rolling correlation observations between AMNB (AMNB) and other NASDAQ-listed stocks, 47.3% are positive and 52.7% 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 8.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,590
- Mean correlation
- 0.027
- Most common range
- -0.5 to -0.4
- Positive pairs
- 47.3%
- Strong positive (≥0.7)
- 8.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 40 | 0.6% | |
| -0.8 to -0.7 | 40 | 0.6% | |
| -0.7 to -0.6 | 328 | 5.0% | |
| -0.6 to -0.5 | 328 | 5.0% | |
| -0.5 to -0.4 | 579 | 8.8% | |
| -0.4 to -0.3 | 578 | 8.8% | |
| -0.3 to -0.2 | 569 | 8.6% | |
| -0.2 to -0.1 | 568 | 8.6% | |
| -0.1 to 0.0 | 441 | 6.7% | |
| 0.0 to 0.1 | 440 | 6.7% | |
| 0.1 to 0.2 | 314 | 4.8% | |
| 0.2 to 0.3 | 314 | 4.8% | |
| 0.3 to 0.4 | 340 | 5.2% | |
| 0.4 to 0.5 | 339 | 5.1% | |
| 0.5 to 0.6 | 416 | 6.3% | |
| 0.6 to 0.7 | 416 | 6.3% | |
| 0.7 to 0.8 | 269 | 4.1% | |
| 0.8 to 0.9 | 268 | 4.1% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of AMNB?
AMNB (AMNB) has an average correlation of about 0.027 with other NASDAQ stocks, based on 6,590 pairwise observations.
Is AMNB positively correlated with other stocks?
Not predominantly — 47.3% of pairs are positive and 52.7% are negative. Strong positive correlations (≥0.7) make up 8.2%.
What is the most common correlation range for AMNB?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 40.2% of all pairs.
Explore the full interactive correlation distribution for AMNB.
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