Asana, Inc. Class A Common Stock (ASAN) Correlation Distribution
Across 6,808 rolling correlation observations between Asana, Inc. Class A Common Stock (ASAN) and other NASDAQ-listed stocks, 72.6% are positive and 27.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.285, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15.7% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,808
- Mean correlation
- 0.285
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.6%
- Strong positive (≥0.7)
- 15.7%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 101 | 1.5% | |
| -0.6 to -0.5 | 100 | 1.5% | |
| -0.5 to -0.4 | 368 | 5.4% | |
| -0.4 to -0.3 | 367 | 5.4% | |
| -0.3 to -0.2 | 326 | 4.8% | |
| -0.2 to -0.1 | 326 | 4.8% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 277 | 4.1% | |
| 0.1 to 0.2 | 366 | 5.4% | |
| 0.2 to 0.3 | 366 | 5.4% | |
| 0.3 to 0.4 | 620 | 9.1% | |
| 0.4 to 0.5 | 620 | 9.1% | |
| 0.5 to 0.6 | 811 | 11.9% | |
| 0.6 to 0.7 | 811 | 11.9% | |
| 0.7 to 0.8 | 483 | 7.1% | |
| 0.8 to 0.9 | 483 | 7.1% | |
| 0.9 to 1.0 | 103 | 1.5% |
Frequently asked questions
What is the average correlation of ASAN?
Asana, Inc. Class A Common Stock (ASAN) has an average correlation of about 0.285 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is ASAN positively correlated with other stocks?
Mostly yes — 72.6% of pairs are positive and 27.4% are negative. Strong positive correlations (≥0.7) make up 15.7%.
What is the most common correlation range for ASAN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for ASAN.
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