Ascent Solar Technologies, Inc. Common Stock (ASTI) Correlation Distribution
Across 6,766 rolling correlation observations between Ascent Solar Technologies, Inc. Common Stock (ASTI) and other NASDAQ-listed stocks, 66.8% are positive and 33.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.267, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.6% and strong negative correlations (≤−0.7) for 1.6%.
- Total observations
- 6,766
- Mean correlation
- 0.267
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.8%
- Strong positive (≥0.7)
- 28.6%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 54 | 0.8% | |
| -0.8 to -0.7 | 54 | 0.8% | |
| -0.7 to -0.6 | 254 | 3.8% | |
| -0.6 to -0.5 | 253 | 3.7% | |
| -0.5 to -0.4 | 391 | 5.8% | |
| -0.4 to -0.3 | 390 | 5.8% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 298 | 4.4% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 251 | 3.7% | |
| 0.1 to 0.2 | 264 | 3.9% | |
| 0.2 to 0.3 | 263 | 3.9% | |
| 0.3 to 0.4 | 372 | 5.5% | |
| 0.4 to 0.5 | 372 | 5.5% | |
| 0.5 to 0.6 | 534 | 7.9% | |
| 0.6 to 0.7 | 534 | 7.9% | |
| 0.7 to 0.8 | 835 | 12.3% | |
| 0.8 to 0.9 | 835 | 12.3% | |
| 0.9 to 1.0 | 262 | 3.9% |
Frequently asked questions
What is the average correlation of ASTI?
Ascent Solar Technologies, Inc. Common Stock (ASTI) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,766 pairwise observations.
Is ASTI positively correlated with other stocks?
Mostly yes — 66.8% of pairs are positive and 33.2% are negative. Strong positive correlations (≥0.7) make up 28.6%.
What is the most common correlation range for ASTI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24% of all pairs.
Explore the full interactive correlation distribution for ASTI.
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