Air Products & Chemicals, Inc. (APD) Correlation Distribution
Across 6,809 rolling correlation observations between Air Products & Chemicals, Inc. (APD) and other NASDAQ-listed stocks, 60.9% are positive and 39.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.051, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 0% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.051
- Most common range
- -0.1 to 0.0
- Positive pairs
- 60.9%
- Strong positive (≥0.7)
- 0%
- Sector
- Industrial Inorganic Chemicals
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 0 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 15 | 0.2% | |
| -0.6 to -0.5 | 14 | 0.2% | |
| -0.5 to -0.4 | 125 | 1.8% | |
| -0.4 to -0.3 | 124 | 1.8% | |
| -0.3 to -0.2 | 455 | 6.7% | |
| -0.2 to -0.1 | 455 | 6.7% | |
| -0.1 to 0.0 | 1,473 | 21.6% | |
| 0.0 to 0.1 | 1,473 | 21.6% | |
| 0.1 to 0.2 | 1,088 | 16.0% | |
| 0.2 to 0.3 | 1,087 | 16.0% | |
| 0.3 to 0.4 | 224 | 3.3% | |
| 0.4 to 0.5 | 223 | 3.3% | |
| 0.5 to 0.6 | 26 | 0.4% | |
| 0.6 to 0.7 | 26 | 0.4% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 0 | 0.0% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of APD?
Air Products & Chemicals, Inc. (APD) has an average correlation of about 0.051 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is APD positively correlated with other stocks?
Mostly yes — 60.9% of pairs are positive and 39.1% are negative. Strong positive correlations (≥0.7) make up 0%.
What is the most common correlation range for APD?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 88.6% of all pairs.
Explore the full interactive correlation distribution for APD.
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