Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR) Correlation Distribution
Across 6,809 rolling correlation observations between Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.146, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 17.9%.
- Total observations
- 6,809
- Mean correlation
- -0.146
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 10%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 608 | 8.9% | |
| -0.8 to -0.7 | 608 | 8.9% | |
| -0.7 to -0.6 | 725 | 10.6% | |
| -0.6 to -0.5 | 724 | 10.6% | |
| -0.5 to -0.4 | 356 | 5.2% | |
| -0.4 to -0.3 | 355 | 5.2% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 268 | 3.9% | |
| 0.0 to 0.1 | 267 | 3.9% | |
| 0.1 to 0.2 | 232 | 3.4% | |
| 0.2 to 0.3 | 231 | 3.4% | |
| 0.3 to 0.4 | 231 | 3.4% | |
| 0.4 to 0.5 | 231 | 3.4% | |
| 0.5 to 0.6 | 351 | 5.2% | |
| 0.6 to 0.7 | 350 | 5.1% | |
| 0.7 to 0.8 | 333 | 4.9% | |
| 0.8 to 0.9 | 333 | 4.9% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of ASR?
Grupo Aeroportuario del Sureste, S.A. de C.V. American Depositary Shares (ASR) has an average correlation of about -0.146 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ASR positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for ASR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for ASR.
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