Anghami Inc. Ordinary Shares (ANGH) Correlation Distribution
Across 6,759 rolling correlation observations between Anghami Inc. Ordinary Shares (ANGH) and other NASDAQ-listed stocks, 66.1% are positive and 33.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.251, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.7% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,759
- Mean correlation
- 0.251
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.1%
- Strong positive (≥0.7)
- 24.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.3% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 265 | 3.9% | |
| -0.5 to -0.4 | 410 | 6.1% | |
| -0.4 to -0.3 | 410 | 6.1% | |
| -0.3 to -0.2 | 314 | 4.6% | |
| -0.2 to -0.1 | 314 | 4.6% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 274 | 4.1% | |
| 0.2 to 0.3 | 274 | 4.1% | |
| 0.3 to 0.4 | 412 | 6.1% | |
| 0.4 to 0.5 | 411 | 6.1% | |
| 0.5 to 0.6 | 578 | 8.6% | |
| 0.6 to 0.7 | 578 | 8.6% | |
| 0.7 to 0.8 | 732 | 10.8% | |
| 0.8 to 0.9 | 731 | 10.8% | |
| 0.9 to 1.0 | 204 | 3.0% |
Frequently asked questions
What is the average correlation of ANGH?
Anghami Inc. Ordinary Shares (ANGH) has an average correlation of about 0.251 with other NASDAQ stocks, based on 6,759 pairwise observations.
Is ANGH positively correlated with other stocks?
Mostly yes — 66.1% of pairs are positive and 33.9% are negative. Strong positive correlations (≥0.7) make up 24.7%.
What is the most common correlation range for ANGH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25.6% of all pairs.
Explore the full interactive correlation distribution for ANGH.
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