AngloGold Ashanti plc (AU) Correlation Distribution
Across 6,809 rolling correlation observations between AngloGold Ashanti plc (AU) and other NASDAQ-listed stocks, 42.8% are positive and 57.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.038, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.6% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,809
- Mean correlation
- -0.038
- Most common range
- -0.3 to -0.2
- Positive pairs
- 42.8%
- Strong positive (≥0.7)
- 1.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 252 | 3.7% | |
| -0.6 to -0.5 | 252 | 3.7% | |
| -0.5 to -0.4 | 548 | 8.0% | |
| -0.4 to -0.3 | 548 | 8.0% | |
| -0.3 to -0.2 | 792 | 11.6% | |
| -0.2 to -0.1 | 791 | 11.6% | |
| -0.1 to 0.0 | 660 | 9.7% | |
| 0.0 to 0.1 | 659 | 9.7% | |
| 0.1 to 0.2 | 479 | 7.0% | |
| 0.2 to 0.3 | 478 | 7.0% | |
| 0.3 to 0.4 | 376 | 5.5% | |
| 0.4 to 0.5 | 376 | 5.5% | |
| 0.5 to 0.6 | 220 | 3.2% | |
| 0.6 to 0.7 | 220 | 3.2% | |
| 0.7 to 0.8 | 52 | 0.8% | |
| 0.8 to 0.9 | 51 | 0.7% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of AU?
AngloGold Ashanti plc (AU) has an average correlation of about -0.038 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AU positively correlated with other stocks?
Not predominantly — 42.8% of pairs are positive and 57.2% are negative. Strong positive correlations (≥0.7) make up 1.6%.
What is the most common correlation range for AU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 56.7% of all pairs.
Explore the full interactive correlation distribution for AU.
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