AST SpaceMobile, Inc. Class A Common Stock (ASTS) Correlation Distribution
Across 6,806 rolling correlation observations between AST SpaceMobile, Inc. Class A Common Stock (ASTS) and other NASDAQ-listed stocks, 51.6% are positive and 48.4% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.075, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,806
- Mean correlation
- 0.075
- Most common range
- -0.3 to -0.2
- Positive pairs
- 51.6%
- Strong positive (≥0.7)
- 9.4%
- Sector
- Communications Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 62 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 225 | 3.3% | |
| -0.6 to -0.5 | 224 | 3.3% | |
| -0.5 to -0.4 | 384 | 5.6% | |
| -0.4 to -0.3 | 384 | 5.6% | |
| -0.3 to -0.2 | 683 | 10.0% | |
| -0.2 to -0.1 | 683 | 10.0% | |
| -0.1 to 0.0 | 588 | 8.6% | |
| 0.0 to 0.1 | 587 | 8.6% | |
| 0.1 to 0.2 | 367 | 5.4% | |
| 0.2 to 0.3 | 366 | 5.4% | |
| 0.3 to 0.4 | 330 | 4.8% | |
| 0.4 to 0.5 | 330 | 4.8% | |
| 0.5 to 0.6 | 447 | 6.6% | |
| 0.6 to 0.7 | 446 | 6.6% | |
| 0.7 to 0.8 | 318 | 4.7% | |
| 0.8 to 0.9 | 317 | 4.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of ASTS?
AST SpaceMobile, Inc. Class A Common Stock (ASTS) has an average correlation of about 0.075 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ASTS positively correlated with other stocks?
Mostly yes — 51.6% of pairs are positive and 48.4% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for ASTS?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.1% of all pairs.
Explore the full interactive correlation distribution for ASTS.
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