American Axle & Manufacturing Holdings, Inc. (AXL) Correlation Distribution
Across 6,809 rolling correlation observations between American Axle & Manufacturing Holdings, Inc. (AXL) and other NASDAQ-listed stocks, 69.4% are positive and 30.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.201, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.7% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.201
- Most common range
- 0.5 to 0.6
- Positive pairs
- 69.4%
- Strong positive (≥0.7)
- 5.7%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 48 | 0.7% | |
| -0.8 to -0.7 | 48 | 0.7% | |
| -0.7 to -0.6 | 293 | 4.3% | |
| -0.6 to -0.5 | 292 | 4.3% | |
| -0.5 to -0.4 | 310 | 4.6% | |
| -0.4 to -0.3 | 310 | 4.6% | |
| -0.3 to -0.2 | 252 | 3.7% | |
| -0.2 to -0.1 | 251 | 3.7% | |
| -0.1 to 0.0 | 280 | 4.1% | |
| 0.0 to 0.1 | 279 | 4.1% | |
| 0.1 to 0.2 | 385 | 5.7% | |
| 0.2 to 0.3 | 384 | 5.6% | |
| 0.3 to 0.4 | 727 | 10.7% | |
| 0.4 to 0.5 | 726 | 10.7% | |
| 0.5 to 0.6 | 917 | 13.5% | |
| 0.6 to 0.7 | 917 | 13.5% | |
| 0.7 to 0.8 | 195 | 2.9% | |
| 0.8 to 0.9 | 195 | 2.9% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AXL?
American Axle & Manufacturing Holdings, Inc. (AXL) has an average correlation of about 0.201 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AXL positively correlated with other stocks?
Mostly yes — 69.4% of pairs are positive and 30.6% are negative. Strong positive correlations (≥0.7) make up 5.7%.
What is the most common correlation range for AXL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.9% of all pairs.
Explore the full interactive correlation distribution for AXL.
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