APCA (APCA) Correlation Distribution
Across 6,167 rolling correlation observations between APCA (APCA) and other NASDAQ-listed stocks, 35% are positive and 65% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.196, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 31.1%.
- Total observations
- 6,167
- Mean correlation
- -0.196
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35%
- Strong positive (≥0.7)
- 15.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 333 | 5.4% | |
| -0.9 to -0.8 | 794 | 12.9% | |
| -0.8 to -0.7 | 794 | 12.9% | |
| -0.7 to -0.6 | 454 | 7.4% | |
| -0.6 to -0.5 | 454 | 7.4% | |
| -0.5 to -0.4 | 294 | 4.8% | |
| -0.4 to -0.3 | 294 | 4.8% | |
| -0.3 to -0.2 | 213 | 3.5% | |
| -0.2 to -0.1 | 212 | 3.4% | |
| -0.1 to 0.0 | 169 | 2.7% | |
| 0.0 to 0.1 | 168 | 2.7% | |
| 0.1 to 0.2 | 156 | 2.5% | |
| 0.2 to 0.3 | 156 | 2.5% | |
| 0.3 to 0.4 | 163 | 2.6% | |
| 0.4 to 0.5 | 162 | 2.6% | |
| 0.5 to 0.6 | 193 | 3.1% | |
| 0.6 to 0.7 | 192 | 3.1% | |
| 0.7 to 0.8 | 326 | 5.3% | |
| 0.8 to 0.9 | 325 | 5.3% | |
| 0.9 to 1.0 | 315 | 5.1% |
Frequently asked questions
What is the average correlation of APCA?
APCA (APCA) has an average correlation of about -0.196 with other NASDAQ stocks, based on 6,167 pairwise observations.
Is APCA positively correlated with other stocks?
Not predominantly — 35% of pairs are positive and 65% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for APCA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for APCA.
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