Ampco-Pittsburgh Corp. (AP) Correlation Distribution
Across 6,809 rolling correlation observations between Ampco-Pittsburgh Corp. (AP) and other NASDAQ-listed stocks, 69.9% are positive and 30.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29.9% and strong negative correlations (≤−0.7) for 3.3%.
- Total observations
- 6,809
- Mean correlation
- 0.284
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.9%
- Strong positive (≥0.7)
- 29.9%
- Sector
- Pumps & Pumping Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 112 | 1.6% | |
| -0.8 to -0.7 | 111 | 1.6% | |
| -0.7 to -0.6 | 343 | 5.0% | |
| -0.6 to -0.5 | 342 | 5.0% | |
| -0.5 to -0.4 | 258 | 3.8% | |
| -0.4 to -0.3 | 257 | 3.8% | |
| -0.3 to -0.2 | 204 | 3.0% | |
| -0.2 to -0.1 | 203 | 3.0% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 220 | 3.2% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 330 | 4.8% | |
| 0.4 to 0.5 | 330 | 4.8% | |
| 0.5 to 0.6 | 680 | 10.0% | |
| 0.6 to 0.7 | 679 | 10.0% | |
| 0.7 to 0.8 | 999 | 14.7% | |
| 0.8 to 0.9 | 998 | 14.7% | |
| 0.9 to 1.0 | 39 | 0.6% |
Frequently asked questions
What is the average correlation of AP?
Ampco-Pittsburgh Corp. (AP) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AP positively correlated with other stocks?
Mostly yes — 69.9% of pairs are positive and 30.1% are negative. Strong positive correlations (≥0.7) make up 29.9%.
What is the most common correlation range for AP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for AP.
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