authID Inc. Common Stock (AUID) Correlation Distribution
Across 6,804 rolling correlation observations between authID Inc. Common Stock (AUID) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.337, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.8% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,804
- Mean correlation
- 0.337
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 35.8%
- Sector
- Services-Prepackaged Software
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 29 | 0.4% | |
| -0.8 to -0.7 | 28 | 0.4% | |
| -0.7 to -0.6 | 204 | 3.0% | |
| -0.6 to -0.5 | 203 | 3.0% | |
| -0.5 to -0.4 | 333 | 4.9% | |
| -0.4 to -0.3 | 333 | 4.9% | |
| -0.3 to -0.2 | 296 | 4.4% | |
| -0.2 to -0.1 | 295 | 4.3% | |
| -0.1 to 0.0 | 253 | 3.7% | |
| 0.0 to 0.1 | 253 | 3.7% | |
| 0.1 to 0.2 | 263 | 3.9% | |
| 0.2 to 0.3 | 262 | 3.9% | |
| 0.3 to 0.4 | 333 | 4.9% | |
| 0.4 to 0.5 | 333 | 4.9% | |
| 0.5 to 0.6 | 475 | 7.0% | |
| 0.6 to 0.7 | 475 | 7.0% | |
| 0.7 to 0.8 | 960 | 14.1% | |
| 0.8 to 0.9 | 959 | 14.1% | |
| 0.9 to 1.0 | 517 | 7.6% |
Frequently asked questions
What is the average correlation of AUID?
authID Inc. Common Stock (AUID) has an average correlation of about 0.337 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is AUID positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 35.8%.
What is the most common correlation range for AUID?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for AUID.
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