ATHX (ATHX) Correlation Distribution
Across 6,476 rolling correlation observations between ATHX (ATHX) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% 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 38.4% and strong negative correlations (≤−0.7) for 9.9%.
- Total observations
- 6,476
- Mean correlation
- 0.267
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 38.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 87 | 1.3% | |
| -0.9 to -0.8 | 276 | 4.3% | |
| -0.8 to -0.7 | 276 | 4.3% | |
| -0.7 to -0.6 | 271 | 4.2% | |
| -0.6 to -0.5 | 271 | 4.2% | |
| -0.5 to -0.4 | 211 | 3.3% | |
| -0.4 to -0.3 | 211 | 3.3% | |
| -0.3 to -0.2 | 186 | 2.9% | |
| -0.2 to -0.1 | 186 | 2.9% | |
| -0.1 to 0.0 | 193 | 3.0% | |
| 0.0 to 0.1 | 192 | 3.0% | |
| 0.1 to 0.2 | 203 | 3.1% | |
| 0.2 to 0.3 | 202 | 3.1% | |
| 0.3 to 0.4 | 248 | 3.8% | |
| 0.4 to 0.5 | 248 | 3.8% | |
| 0.5 to 0.6 | 364 | 5.6% | |
| 0.6 to 0.7 | 364 | 5.6% | |
| 0.7 to 0.8 | 861 | 13.3% | |
| 0.8 to 0.9 | 860 | 13.3% | |
| 0.9 to 1.0 | 766 | 11.8% |
Frequently asked questions
What is the average correlation of ATHX?
ATHX (ATHX) has an average correlation of about 0.267 with other NASDAQ stocks, based on 6,476 pairwise observations.
Is ATHX positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 38.4%.
What is the most common correlation range for ATHX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for ATHX.
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