APGB (APGB) Correlation Distribution
Across 6,345 rolling correlation observations between APGB (APGB) and other NASDAQ-listed stocks, 24.4% are positive and 75.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.31, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9% and strong negative correlations (≤−0.7) for 24.8%.
- Total observations
- 6,345
- Mean correlation
- -0.31
- Most common range
- -0.7 to -0.6
- Positive pairs
- 24.4%
- Strong positive (≥0.7)
- 9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 74 | 1.2% | |
| -0.9 to -0.8 | 751 | 11.8% | |
| -0.8 to -0.7 | 750 | 11.8% | |
| -0.7 to -0.6 | 944 | 14.9% | |
| -0.6 to -0.5 | 944 | 14.9% | |
| -0.5 to -0.4 | 397 | 6.3% | |
| -0.4 to -0.3 | 396 | 6.2% | |
| -0.3 to -0.2 | 204 | 3.2% | |
| -0.2 to -0.1 | 204 | 3.2% | |
| -0.1 to 0.0 | 133 | 2.1% | |
| 0.0 to 0.1 | 133 | 2.1% | |
| 0.1 to 0.2 | 137 | 2.2% | |
| 0.2 to 0.3 | 136 | 2.1% | |
| 0.3 to 0.4 | 139 | 2.2% | |
| 0.4 to 0.5 | 139 | 2.2% | |
| 0.5 to 0.6 | 145 | 2.3% | |
| 0.6 to 0.7 | 145 | 2.3% | |
| 0.7 to 0.8 | 172 | 2.7% | |
| 0.8 to 0.9 | 171 | 2.7% | |
| 0.9 to 1.0 | 231 | 3.6% |
Frequently asked questions
What is the average correlation of APGB?
APGB (APGB) has an average correlation of about -0.31 with other NASDAQ stocks, based on 6,345 pairwise observations.
Is APGB positively correlated with other stocks?
Not predominantly — 24.4% of pairs are positive and 75.6% are negative. Strong positive correlations (≥0.7) make up 9%.
What is the most common correlation range for APGB?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 14.9% of all pairs.
Explore the full interactive correlation distribution for APGB.
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