Applovin Corporation Class A Common Stock (APP) Correlation Distribution
Across 6,806 rolling correlation observations between Applovin Corporation Class A Common Stock (APP) and other NASDAQ-listed stocks, 48.9% are positive and 51.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.07, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.2% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,806
- Mean correlation
- 0.07
- Most common range
- -0.3 to -0.2
- Positive pairs
- 48.9%
- Strong positive (≥0.7)
- 13.2%
- Sector
- Services-Computer Programming, Data Processing, Etc.
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 63 | 0.9% | |
| -0.8 to -0.7 | 62 | 0.9% | |
| -0.7 to -0.6 | 259 | 3.8% | |
| -0.6 to -0.5 | 259 | 3.8% | |
| -0.5 to -0.4 | 462 | 6.8% | |
| -0.4 to -0.3 | 461 | 6.8% | |
| -0.3 to -0.2 | 724 | 10.6% | |
| -0.2 to -0.1 | 724 | 10.6% | |
| -0.1 to 0.0 | 462 | 6.8% | |
| 0.0 to 0.1 | 461 | 6.8% | |
| 0.1 to 0.2 | 310 | 4.6% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 301 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 375 | 5.5% | |
| 0.6 to 0.7 | 374 | 5.5% | |
| 0.7 to 0.8 | 412 | 6.1% | |
| 0.8 to 0.9 | 411 | 6.0% | |
| 0.9 to 1.0 | 76 | 1.1% |
Frequently asked questions
What is the average correlation of APP?
Applovin Corporation Class A Common Stock (APP) has an average correlation of about 0.07 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is APP positively correlated with other stocks?
Not predominantly — 48.9% of pairs are positive and 51.1% are negative. Strong positive correlations (≥0.7) make up 13.2%.
What is the most common correlation range for APP?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 43.9% of all pairs.
Explore the full interactive correlation distribution for APP.
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