Andersons Inc/The (ANDE) Correlation Distribution
Across 6,809 rolling correlation observations between Andersons Inc/The (ANDE) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.115, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.3% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,809
- Mean correlation
- -0.115
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 7.3%
- Sector
- Wholesale-Farm Product Raw Materials
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 364 | 5.3% | |
| -0.8 to -0.7 | 364 | 5.3% | |
| -0.7 to -0.6 | 712 | 10.5% | |
| -0.6 to -0.5 | 712 | 10.5% | |
| -0.5 to -0.4 | 475 | 7.0% | |
| -0.4 to -0.3 | 475 | 7.0% | |
| -0.3 to -0.2 | 382 | 5.6% | |
| -0.2 to -0.1 | 382 | 5.6% | |
| -0.1 to 0.0 | 289 | 4.2% | |
| 0.0 to 0.1 | 289 | 4.2% | |
| 0.1 to 0.2 | 257 | 3.8% | |
| 0.2 to 0.3 | 257 | 3.8% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 302 | 4.4% | |
| 0.5 to 0.6 | 375 | 5.5% | |
| 0.6 to 0.7 | 374 | 5.5% | |
| 0.7 to 0.8 | 244 | 3.6% | |
| 0.8 to 0.9 | 244 | 3.6% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of ANDE?
Andersons Inc/The (ANDE) has an average correlation of about -0.115 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ANDE positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 7.3%.
What is the most common correlation range for ANDE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.3% of all pairs.
Explore the full interactive correlation distribution for ANDE.
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