Autohome Inc. American Depositary Shares, each representing four Class A Ordinary Shares (ATHM) Correlation Distribution
Across 6,809 rolling correlation observations between Autohome Inc. American Depositary Shares, each representing four Class A Ordinary Shares (ATHM) and other NASDAQ-listed stocks, 62.3% are positive and 37.7% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.173, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.9% and strong negative correlations (≤−0.7) for 3.8%.
- Total observations
- 6,809
- Mean correlation
- 0.173
- Most common range
- 0.5 to 0.6
- Positive pairs
- 62.3%
- Strong positive (≥0.7)
- 18.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 128 | 1.9% | |
| -0.8 to -0.7 | 127 | 1.9% | |
| -0.7 to -0.6 | 390 | 5.7% | |
| -0.6 to -0.5 | 389 | 5.7% | |
| -0.5 to -0.4 | 345 | 5.1% | |
| -0.4 to -0.3 | 345 | 5.1% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 281 | 4.1% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 334 | 4.9% | |
| 0.2 to 0.3 | 334 | 4.9% | |
| 0.3 to 0.4 | 397 | 5.8% | |
| 0.4 to 0.5 | 397 | 5.8% | |
| 0.5 to 0.6 | 608 | 8.9% | |
| 0.6 to 0.7 | 608 | 8.9% | |
| 0.7 to 0.8 | 536 | 7.9% | |
| 0.8 to 0.9 | 536 | 7.9% | |
| 0.9 to 1.0 | 214 | 3.1% |
Frequently asked questions
What is the average correlation of ATHM?
Autohome Inc. American Depositary Shares, each representing four Class A Ordinary Shares (ATHM) has an average correlation of about 0.173 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ATHM positively correlated with other stocks?
Mostly yes — 62.3% of pairs are positive and 37.7% are negative. Strong positive correlations (≥0.7) make up 18.9%.
What is the most common correlation range for ATHM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.2% of all pairs.
Explore the full interactive correlation distribution for ATHM.
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