ASPA (ASPA) Correlation Distribution
Across 5,016 rolling correlation observations between ASPA (ASPA) and other NASDAQ-listed stocks, 24.6% are positive and 75.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.166, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 0.1% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,016
- Mean correlation
- -0.166
- Most common range
- -0.5 to -0.4
- Positive pairs
- 24.6%
- Strong positive (≥0.7)
- 0.1%
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 | 1 | 0.0% | |
| -0.7 to -0.6 | 8 | 0.2% | |
| -0.6 to -0.5 | 8 | 0.2% | |
| -0.5 to -0.4 | 1,028 | 20.5% | |
| -0.4 to -0.3 | 1,027 | 20.5% | |
| -0.3 to -0.2 | 721 | 14.4% | |
| -0.2 to -0.1 | 720 | 14.4% | |
| -0.1 to 0.0 | 268 | 5.3% | |
| 0.0 to 0.1 | 268 | 5.3% | |
| 0.1 to 0.2 | 247 | 4.9% | |
| 0.2 to 0.3 | 246 | 4.9% | |
| 0.3 to 0.4 | 233 | 4.6% | |
| 0.4 to 0.5 | 233 | 4.6% | |
| 0.5 to 0.6 | 2 | 0.0% | |
| 0.6 to 0.7 | 1 | 0.0% | |
| 0.7 to 0.8 | 1 | 0.0% | |
| 0.8 to 0.9 | 1 | 0.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of ASPA?
ASPA (ASPA) has an average correlation of about -0.166 with other NASDAQ stocks, based on 5,016 pairwise observations.
Is ASPA positively correlated with other stocks?
Not predominantly — 24.6% of pairs are positive and 75.4% are negative. Strong positive correlations (≥0.7) make up 0.1%.
What is the most common correlation range for ASPA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 49.2% of all pairs.
Explore the full interactive correlation distribution for ASPA.
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