Astrotech Corporation (DE) Common Stock (ASTC) Correlation Distribution
Across 6,805 rolling correlation observations between Astrotech Corporation (DE) Common Stock (ASTC) and other NASDAQ-listed stocks, 62.5% are positive and 37.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.2, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 7.9%.
- Total observations
- 6,805
- Mean correlation
- 0.2
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.5%
- Strong positive (≥0.7)
- 29%
- Sector
- Laboratory Analytical Instruments
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 268 | 3.9% | |
| -0.8 to -0.7 | 268 | 3.9% | |
| -0.7 to -0.6 | 399 | 5.9% | |
| -0.6 to -0.5 | 398 | 5.8% | |
| -0.5 to -0.4 | 276 | 4.1% | |
| -0.4 to -0.3 | 276 | 4.1% | |
| -0.3 to -0.2 | 224 | 3.3% | |
| -0.2 to -0.1 | 224 | 3.3% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 216 | 3.2% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 293 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 500 | 7.3% | |
| 0.6 to 0.7 | 500 | 7.3% | |
| 0.7 to 0.8 | 741 | 10.9% | |
| 0.8 to 0.9 | 741 | 10.9% | |
| 0.9 to 1.0 | 494 | 7.3% |
Frequently asked questions
What is the average correlation of ASTC?
Astrotech Corporation (DE) Common Stock (ASTC) has an average correlation of about 0.2 with other NASDAQ stocks, based on 6,805 pairwise observations.
Is ASTC positively correlated with other stocks?
Mostly yes — 62.5% of pairs are positive and 37.5% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for ASTC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for ASTC.
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