Amneal Pharmaceuticals, Inc. Class A Common Stock (AMRX) Correlation Distribution
Across 6,809 rolling correlation observations between Amneal Pharmaceuticals, Inc. Class A Common Stock (AMRX) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.1, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.3% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,809
- Mean correlation
- 0.1
- Most common range
- -0.1 to 0.0
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 10.3%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 14 | 0.2% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 194 | 2.8% | |
| -0.6 to -0.5 | 194 | 2.8% | |
| -0.5 to -0.4 | 313 | 4.6% | |
| -0.4 to -0.3 | 313 | 4.6% | |
| -0.3 to -0.2 | 516 | 7.6% | |
| -0.2 to -0.1 | 515 | 7.6% | |
| -0.1 to 0.0 | 712 | 10.5% | |
| 0.0 to 0.1 | 711 | 10.4% | |
| 0.1 to 0.2 | 421 | 6.2% | |
| 0.2 to 0.3 | 421 | 6.2% | |
| 0.3 to 0.4 | 363 | 5.3% | |
| 0.4 to 0.5 | 363 | 5.3% | |
| 0.5 to 0.6 | 431 | 6.3% | |
| 0.6 to 0.7 | 431 | 6.3% | |
| 0.7 to 0.8 | 336 | 4.9% | |
| 0.8 to 0.9 | 335 | 4.9% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of AMRX?
Amneal Pharmaceuticals, Inc. Class A Common Stock (AMRX) has an average correlation of about 0.1 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AMRX positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 10.3%.
What is the most common correlation range for AMRX?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 48.4% of all pairs.
Explore the full interactive correlation distribution for AMRX.
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