Amplitude, Inc. Class A Common Stock (AMPL) Correlation Distribution
Across 6,801 rolling correlation observations between Amplitude, Inc. Class A Common Stock (AMPL) and other NASDAQ-listed stocks, 72.4% are positive and 27.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.341, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 32.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,801
- Mean correlation
- 0.341
- Most common range
- 0.7 to 0.8
- Positive pairs
- 72.4%
- Strong positive (≥0.7)
- 32.8%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 27 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 166 | 2.4% | |
| -0.6 to -0.5 | 165 | 2.4% | |
| -0.5 to -0.4 | 329 | 4.8% | |
| -0.4 to -0.3 | 329 | 4.8% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 262 | 3.9% | |
| 0.0 to 0.1 | 261 | 3.8% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 290 | 4.3% | |
| 0.3 to 0.4 | 384 | 5.6% | |
| 0.4 to 0.5 | 384 | 5.6% | |
| 0.5 to 0.6 | 542 | 8.0% | |
| 0.6 to 0.7 | 542 | 8.0% | |
| 0.7 to 0.8 | 844 | 12.4% | |
| 0.8 to 0.9 | 843 | 12.4% | |
| 0.9 to 1.0 | 542 | 8.0% |
Frequently asked questions
What is the average correlation of AMPL?
Amplitude, Inc. Class A Common Stock (AMPL) has an average correlation of about 0.341 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is AMPL positively correlated with other stocks?
Mostly yes — 72.4% of pairs are positive and 27.6% are negative. Strong positive correlations (≥0.7) make up 32.8%.
What is the most common correlation range for AMPL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.7% of all pairs.
Explore the full interactive correlation distribution for AMPL.
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