Avalon Holdings Corp. (AWX) Correlation Distribution
Across 6,779 rolling correlation observations between Avalon Holdings Corp. (AWX) and other NASDAQ-listed stocks, 78.9% are positive and 21.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.321, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 14.5% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,779
- Mean correlation
- 0.321
- Most common range
- 0.5 to 0.6
- Positive pairs
- 78.9%
- Strong positive (≥0.7)
- 14.5%
- Sector
- Refuse Systems
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.8% | |
| -0.8 to -0.7 | 51 | 0.8% | |
| -0.7 to -0.6 | 50 | 0.7% | |
| -0.6 to -0.5 | 49 | 0.7% | |
| -0.5 to -0.4 | 110 | 1.6% | |
| -0.4 to -0.3 | 110 | 1.6% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 287 | 4.2% | |
| -0.1 to 0.0 | 431 | 6.4% | |
| 0.0 to 0.1 | 431 | 6.4% | |
| 0.1 to 0.2 | 463 | 6.8% | |
| 0.2 to 0.3 | 463 | 6.8% | |
| 0.3 to 0.4 | 656 | 9.7% | |
| 0.4 to 0.5 | 656 | 9.7% | |
| 0.5 to 0.6 | 850 | 12.5% | |
| 0.6 to 0.7 | 850 | 12.5% | |
| 0.7 to 0.8 | 478 | 7.1% | |
| 0.8 to 0.9 | 477 | 7.0% | |
| 0.9 to 1.0 | 28 | 0.4% |
Frequently asked questions
What is the average correlation of AWX?
Avalon Holdings Corp. (AWX) has an average correlation of about 0.321 with other NASDAQ stocks, based on 6,779 pairwise observations.
Is AWX positively correlated with other stocks?
Mostly yes — 78.9% of pairs are positive and 21.1% are negative. Strong positive correlations (≥0.7) make up 14.5%.
What is the most common correlation range for AWX?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.9% of all pairs.
Explore the full interactive correlation distribution for AWX.
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