American Well Corporation (AMWL) Correlation Distribution
Across 6,808 rolling correlation observations between American Well Corporation (AMWL) and other NASDAQ-listed stocks, 64.2% are positive and 35.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.218, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 7.2%.
- Total observations
- 6,808
- Mean correlation
- 0.218
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.2%
- Strong positive (≥0.7)
- 29%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 71 | 1.0% | |
| -0.9 to -0.8 | 211 | 3.1% | |
| -0.8 to -0.7 | 211 | 3.1% | |
| -0.7 to -0.6 | 365 | 5.4% | |
| -0.6 to -0.5 | 365 | 5.4% | |
| -0.5 to -0.4 | 278 | 4.1% | |
| -0.4 to -0.3 | 278 | 4.1% | |
| -0.3 to -0.2 | 217 | 3.2% | |
| -0.2 to -0.1 | 216 | 3.2% | |
| -0.1 to 0.0 | 223 | 3.3% | |
| 0.0 to 0.1 | 222 | 3.3% | |
| 0.1 to 0.2 | 246 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 311 | 4.6% | |
| 0.4 to 0.5 | 311 | 4.6% | |
| 0.5 to 0.6 | 532 | 7.8% | |
| 0.6 to 0.7 | 532 | 7.8% | |
| 0.7 to 0.8 | 757 | 11.1% | |
| 0.8 to 0.9 | 756 | 11.1% | |
| 0.9 to 1.0 | 460 | 6.8% |
Frequently asked questions
What is the average correlation of AMWL?
American Well Corporation (AMWL) has an average correlation of about 0.218 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is AMWL positively correlated with other stocks?
Mostly yes — 64.2% of pairs are positive and 35.8% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for AMWL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.1% of all pairs.
Explore the full interactive correlation distribution for AMWL.
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