Aptorum Group Limited Class A Ordinary Shares (APM) Correlation Distribution
Across 6,807 rolling correlation observations between Aptorum Group Limited Class A Ordinary Shares (APM) and other NASDAQ-listed stocks, 65.6% are positive and 34.4% 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 35.9% and strong negative correlations (≤−0.7) for 8%.
- Total observations
- 6,807
- Mean correlation
- 0.251
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.6%
- Strong positive (≥0.7)
- 35.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 8 | 0.1% | |
| -0.9 to -0.8 | 269 | 4.0% | |
| -0.8 to -0.7 | 269 | 4.0% | |
| -0.7 to -0.6 | 315 | 4.6% | |
| -0.6 to -0.5 | 315 | 4.6% | |
| -0.5 to -0.4 | 239 | 3.5% | |
| -0.4 to -0.3 | 239 | 3.5% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 240 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 264 | 3.9% | |
| 0.4 to 0.5 | 264 | 3.9% | |
| 0.5 to 0.6 | 396 | 5.8% | |
| 0.6 to 0.7 | 395 | 5.8% | |
| 0.7 to 0.8 | 982 | 14.4% | |
| 0.8 to 0.9 | 982 | 14.4% | |
| 0.9 to 1.0 | 479 | 7.0% |
Frequently asked questions
What is the average correlation of APM?
Aptorum Group Limited Class A Ordinary Shares (APM) has an average correlation of about 0.251 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is APM positively correlated with other stocks?
Mostly yes — 65.6% of pairs are positive and 34.4% are negative. Strong positive correlations (≥0.7) make up 35.9%.
What is the most common correlation range for APM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for APM.
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