Asia Pacific Wire & Cable Corp (APWC) Correlation Distribution
Across 6,801 rolling correlation observations between Asia Pacific Wire & Cable Corp (APWC) and other NASDAQ-listed stocks, 73.7% are positive and 26.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.303, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,801
- Mean correlation
- 0.303
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.7%
- Strong positive (≥0.7)
- 17.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 15 | 0.2% | |
| -0.6 to -0.5 | 15 | 0.2% | |
| -0.5 to -0.4 | 246 | 3.6% | |
| -0.4 to -0.3 | 245 | 3.6% | |
| -0.3 to -0.2 | 417 | 6.1% | |
| -0.2 to -0.1 | 416 | 6.1% | |
| -0.1 to 0.0 | 430 | 6.3% | |
| 0.0 to 0.1 | 429 | 6.3% | |
| 0.1 to 0.2 | 448 | 6.6% | |
| 0.2 to 0.3 | 448 | 6.6% | |
| 0.3 to 0.4 | 491 | 7.2% | |
| 0.4 to 0.5 | 490 | 7.2% | |
| 0.5 to 0.6 | 773 | 11.4% | |
| 0.6 to 0.7 | 772 | 11.4% | |
| 0.7 to 0.8 | 527 | 7.7% | |
| 0.8 to 0.9 | 526 | 7.7% | |
| 0.9 to 1.0 | 109 | 1.6% |
Frequently asked questions
What is the average correlation of APWC?
Asia Pacific Wire & Cable Corp (APWC) has an average correlation of about 0.303 with other NASDAQ stocks, based on 6,801 pairwise observations.
Is APWC positively correlated with other stocks?
Mostly yes — 73.7% of pairs are positive and 26.3% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for APWC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for APWC.
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