AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) Correlation Distribution
Across 6,768 rolling correlation observations between AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) and other NASDAQ-listed stocks, 53.7% are positive and 46.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.106, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24% and strong negative correlations (≤−0.7) for 6.5%.
- Total observations
- 6,768
- Mean correlation
- 0.106
- Most common range
- 0.7 to 0.8
- Positive pairs
- 53.7%
- Strong positive (≥0.7)
- 24%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 33 | 0.5% | |
| -0.9 to -0.8 | 203 | 3.0% | |
| -0.8 to -0.7 | 203 | 3.0% | |
| -0.7 to -0.6 | 469 | 6.9% | |
| -0.6 to -0.5 | 468 | 6.9% | |
| -0.5 to -0.4 | 447 | 6.6% | |
| -0.4 to -0.3 | 447 | 6.6% | |
| -0.3 to -0.2 | 313 | 4.6% | |
| -0.2 to -0.1 | 312 | 4.6% | |
| -0.1 to 0.0 | 238 | 3.5% | |
| 0.0 to 0.1 | 238 | 3.5% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.5% | |
| 0.3 to 0.4 | 288 | 4.3% | |
| 0.4 to 0.5 | 288 | 4.3% | |
| 0.5 to 0.6 | 363 | 5.4% | |
| 0.6 to 0.7 | 363 | 5.4% | |
| 0.7 to 0.8 | 629 | 9.3% | |
| 0.8 to 0.9 | 629 | 9.3% | |
| 0.9 to 1.0 | 368 | 5.4% |
Frequently asked questions
What is the average correlation of AMTD?
AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) has an average correlation of about 0.106 with other NASDAQ stocks, based on 6,768 pairwise observations.
Is AMTD positively correlated with other stocks?
Mostly yes — 53.7% of pairs are positive and 46.3% are negative. Strong positive correlations (≥0.7) make up 24%.
What is the most common correlation range for AMTD?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for AMTD.
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