Alpha Pro Tech, Ltd. (APT) Correlation Distribution
Across 6,809 rolling correlation observations between Alpha Pro Tech, Ltd. (APT) and other NASDAQ-listed stocks, 56.4% are positive and 43.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.103, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 13.5% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- 0.103
- Most common range
- 0.5 to 0.6
- Positive pairs
- 56.4%
- Strong positive (≥0.7)
- 13.5%
- Sector
- Orthopedic, Prosthetic & Surgical Appliances & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 147 | 2.2% | |
| -0.8 to -0.7 | 147 | 2.2% | |
| -0.7 to -0.6 | 370 | 5.4% | |
| -0.6 to -0.5 | 370 | 5.4% | |
| -0.5 to -0.4 | 434 | 6.4% | |
| -0.4 to -0.3 | 433 | 6.4% | |
| -0.3 to -0.2 | 379 | 5.6% | |
| -0.2 to -0.1 | 379 | 5.6% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 344 | 5.1% | |
| 0.2 to 0.3 | 343 | 5.0% | |
| 0.3 to 0.4 | 408 | 6.0% | |
| 0.4 to 0.5 | 407 | 6.0% | |
| 0.5 to 0.6 | 559 | 8.2% | |
| 0.6 to 0.7 | 558 | 8.2% | |
| 0.7 to 0.8 | 409 | 6.0% | |
| 0.8 to 0.9 | 409 | 6.0% | |
| 0.9 to 1.0 | 101 | 1.5% |
Frequently asked questions
What is the average correlation of APT?
Alpha Pro Tech, Ltd. (APT) has an average correlation of about 0.103 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is APT positively correlated with other stocks?
Mostly yes — 56.4% of pairs are positive and 43.6% are negative. Strong positive correlations (≥0.7) make up 13.5%.
What is the most common correlation range for APT?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.2% of all pairs.
Explore the full interactive correlation distribution for APT.
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