AXDX (AXDX) Correlation Distribution
Across 6,808 rolling correlation observations between AXDX (AXDX) and other NASDAQ-listed stocks, 63.2% are positive and 36.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.215, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 31.6% and strong negative correlations (≤−0.7) for 8.3%.
- Total observations
- 6,808
- Mean correlation
- 0.215
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.2%
- Strong positive (≥0.7)
- 31.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 27 | 0.4% | |
| -0.9 to -0.8 | 270 | 4.0% | |
| -0.8 to -0.7 | 270 | 4.0% | |
| -0.7 to -0.6 | 388 | 5.7% | |
| -0.6 to -0.5 | 388 | 5.7% | |
| -0.5 to -0.4 | 263 | 3.9% | |
| -0.4 to -0.3 | 262 | 3.8% | |
| -0.3 to -0.2 | 213 | 3.1% | |
| -0.2 to -0.1 | 213 | 3.1% | |
| -0.1 to 0.0 | 209 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 229 | 3.4% | |
| 0.2 to 0.3 | 228 | 3.3% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 282 | 4.1% | |
| 0.5 to 0.6 | 461 | 6.8% | |
| 0.6 to 0.7 | 461 | 6.8% | |
| 0.7 to 0.8 | 777 | 11.4% | |
| 0.8 to 0.9 | 777 | 11.4% | |
| 0.9 to 1.0 | 598 | 8.8% |
Frequently asked questions
What is the average correlation of AXDX?
AXDX (AXDX) has an average correlation of about 0.215 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is AXDX positively correlated with other stocks?
Mostly yes — 63.2% of pairs are positive and 36.8% are negative. Strong positive correlations (≥0.7) make up 31.6%.
What is the most common correlation range for AXDX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.1% of all pairs.
Explore the full interactive correlation distribution for AXDX.
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