American Express Company (AXP) Correlation Distribution
Across 6,809 rolling correlation observations between American Express Company (AXP) and other NASDAQ-listed stocks, 43.7% are positive and 56.3% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.003
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43.7%
- Strong positive (≥0.7)
- 16.4%
- Sector
- Finance Services
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 139 | 2.0% | |
| -0.7 to -0.6 | 578 | 8.5% | |
| -0.6 to -0.5 | 577 | 8.5% | |
| -0.5 to -0.4 | 647 | 9.5% | |
| -0.4 to -0.3 | 646 | 9.5% | |
| -0.3 to -0.2 | 407 | 6.0% | |
| -0.2 to -0.1 | 406 | 6.0% | |
| -0.1 to 0.0 | 293 | 4.3% | |
| 0.0 to 0.1 | 292 | 4.3% | |
| 0.1 to 0.2 | 247 | 3.6% | |
| 0.2 to 0.3 | 246 | 3.6% | |
| 0.3 to 0.4 | 250 | 3.7% | |
| 0.4 to 0.5 | 250 | 3.7% | |
| 0.5 to 0.6 | 286 | 4.2% | |
| 0.6 to 0.7 | 286 | 4.2% | |
| 0.7 to 0.8 | 419 | 6.2% | |
| 0.8 to 0.9 | 419 | 6.2% | |
| 0.9 to 1.0 | 279 | 4.1% |
Frequently asked questions
What is the average correlation of AXP?
American Express Company (AXP) has an average correlation of about -0.003 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AXP positively correlated with other stocks?
Not predominantly — 43.7% of pairs are positive and 56.3% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for AXP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for AXP.
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