APXI (APXI) Correlation Distribution
Across 6,000 rolling correlation observations between APXI (APXI) and other NASDAQ-listed stocks, 39.9% are positive and 60.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.121, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 18.1% and strong negative correlations (≤−0.7) for 26%.
- Total observations
- 6,000
- Mean correlation
- -0.121
- Most common range
- -0.9 to -0.8
- Positive pairs
- 39.9%
- Strong positive (≥0.7)
- 18.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 286 | 4.8% | |
| -0.9 to -0.8 | 638 | 10.6% | |
| -0.8 to -0.7 | 638 | 10.6% | |
| -0.7 to -0.6 | 431 | 7.2% | |
| -0.6 to -0.5 | 430 | 7.2% | |
| -0.5 to -0.4 | 273 | 4.5% | |
| -0.4 to -0.3 | 273 | 4.5% | |
| -0.3 to -0.2 | 231 | 3.9% | |
| -0.2 to -0.1 | 231 | 3.9% | |
| -0.1 to 0.0 | 178 | 3.0% | |
| 0.0 to 0.1 | 177 | 3.0% | |
| 0.1 to 0.2 | 175 | 2.9% | |
| 0.2 to 0.3 | 174 | 2.9% | |
| 0.3 to 0.4 | 165 | 2.8% | |
| 0.4 to 0.5 | 164 | 2.7% | |
| 0.5 to 0.6 | 226 | 3.8% | |
| 0.6 to 0.7 | 225 | 3.8% | |
| 0.7 to 0.8 | 364 | 6.1% | |
| 0.8 to 0.9 | 363 | 6.0% | |
| 0.9 to 1.0 | 358 | 6.0% |
Frequently asked questions
What is the average correlation of APXI?
APXI (APXI) has an average correlation of about -0.121 with other NASDAQ stocks, based on 6,000 pairwise observations.
Is APXI positively correlated with other stocks?
Not predominantly — 39.9% of pairs are positive and 60.1% are negative. Strong positive correlations (≥0.7) make up 18.1%.
What is the most common correlation range for APXI?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.4% of all pairs.
Explore the full interactive correlation distribution for APXI.
Open interactive dashboard →