Algonquin Power & Utilities Corp (AQN) Correlation Distribution
Across 6,809 rolling correlation observations between Algonquin Power & Utilities Corp (AQN) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.241, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 34% and strong negative correlations (≤−0.7) for 11.2%.
- Total observations
- 6,809
- Mean correlation
- 0.241
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 34%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 30 | 0.4% | |
| -0.9 to -0.8 | 367 | 5.4% | |
| -0.8 to -0.7 | 366 | 5.4% | |
| -0.7 to -0.6 | 279 | 4.1% | |
| -0.6 to -0.5 | 279 | 4.1% | |
| -0.5 to -0.4 | 199 | 2.9% | |
| -0.4 to -0.3 | 199 | 2.9% | |
| -0.3 to -0.2 | 189 | 2.8% | |
| -0.2 to -0.1 | 188 | 2.8% | |
| -0.1 to 0.0 | 193 | 2.8% | |
| 0.0 to 0.1 | 192 | 2.8% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 283 | 4.2% | |
| 0.5 to 0.6 | 528 | 7.8% | |
| 0.6 to 0.7 | 528 | 7.8% | |
| 0.7 to 0.8 | 1,048 | 15.4% | |
| 0.8 to 0.9 | 1,047 | 15.4% | |
| 0.9 to 1.0 | 222 | 3.3% |
Frequently asked questions
What is the average correlation of AQN?
Algonquin Power & Utilities Corp (AQN) has an average correlation of about 0.241 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AQN positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 34%.
What is the most common correlation range for AQN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.9% of all pairs.
Explore the full interactive correlation distribution for AQN.
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