ASCA (ASCA) Correlation Distribution
Across 5,463 rolling correlation observations between ASCA (ASCA) and other NASDAQ-listed stocks, 29.7% are positive and 70.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.156, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 5,463
- Mean correlation
- -0.156
- Most common range
- -0.5 to -0.4
- Positive pairs
- 29.7%
- Strong positive (≥0.7)
- 0.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.1% | |
| -0.9 to -0.8 | 16 | 0.3% | |
| -0.8 to -0.7 | 16 | 0.3% | |
| -0.7 to -0.6 | 32 | 0.6% | |
| -0.6 to -0.5 | 31 | 0.6% | |
| -0.5 to -0.4 | 1,145 | 21.0% | |
| -0.4 to -0.3 | 1,145 | 21.0% | |
| -0.3 to -0.2 | 543 | 9.9% | |
| -0.2 to -0.1 | 543 | 9.9% | |
| -0.1 to 0.0 | 369 | 6.8% | |
| 0.0 to 0.1 | 369 | 6.8% | |
| 0.1 to 0.2 | 401 | 7.3% | |
| 0.2 to 0.3 | 401 | 7.3% | |
| 0.3 to 0.4 | 216 | 4.0% | |
| 0.4 to 0.5 | 215 | 3.9% | |
| 0.5 to 0.6 | 5 | 0.1% | |
| 0.6 to 0.7 | 5 | 0.1% | |
| 0.7 to 0.8 | 4 | 0.1% | |
| 0.8 to 0.9 | 3 | 0.1% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ASCA?
ASCA (ASCA) has an average correlation of about -0.156 with other NASDAQ stocks, based on 5,463 pairwise observations.
Is ASCA positively correlated with other stocks?
Not predominantly — 29.7% of pairs are positive and 70.3% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for ASCA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 48.1% of all pairs.
Explore the full interactive correlation distribution for ASCA.
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