Alpha Metallurgical Resources, Inc. (AMR) Correlation Distribution
Across 6,806 rolling correlation observations between Alpha Metallurgical Resources, Inc. (AMR) and other NASDAQ-listed stocks, 29.6% are positive and 70.4% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.259, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5% and strong negative correlations (≤−0.7) for 21.6%.
- Total observations
- 6,806
- Mean correlation
- -0.259
- Most common range
- -0.7 to -0.6
- Positive pairs
- 29.6%
- Strong positive (≥0.7)
- 5%
- Sector
- Bituminous Coal & Lignite Surface Mining
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 721 | 10.6% | |
| -0.8 to -0.7 | 721 | 10.6% | |
| -0.7 to -0.6 | 818 | 12.0% | |
| -0.6 to -0.5 | 817 | 12.0% | |
| -0.5 to -0.4 | 413 | 6.1% | |
| -0.4 to -0.3 | 413 | 6.1% | |
| -0.3 to -0.2 | 315 | 4.6% | |
| -0.2 to -0.1 | 315 | 4.6% | |
| -0.1 to 0.0 | 234 | 3.4% | |
| 0.0 to 0.1 | 234 | 3.4% | |
| 0.1 to 0.2 | 225 | 3.3% | |
| 0.2 to 0.3 | 224 | 3.3% | |
| 0.3 to 0.4 | 254 | 3.7% | |
| 0.4 to 0.5 | 253 | 3.7% | |
| 0.5 to 0.6 | 240 | 3.5% | |
| 0.6 to 0.7 | 240 | 3.5% | |
| 0.7 to 0.8 | 169 | 2.5% | |
| 0.8 to 0.9 | 168 | 2.5% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of AMR?
Alpha Metallurgical Resources, Inc. (AMR) has an average correlation of about -0.259 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is AMR positively correlated with other stocks?
Not predominantly — 29.6% of pairs are positive and 70.4% are negative. Strong positive correlations (≥0.7) make up 5%.
What is the most common correlation range for AMR?
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 AMR.
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