AMREP Corporation (AXR) Correlation Distribution
Across 6,807 rolling correlation observations between AMREP Corporation (AXR) and other NASDAQ-listed stocks, 41.4% are positive and 58.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.043, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 15.9% and strong negative correlations (≤−0.7) for 5.3%.
- Total observations
- 6,807
- Mean correlation
- -0.043
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.4%
- Strong positive (≥0.7)
- 15.9%
- Sector
- Land Subdividers & Developers (No Cemeteries)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 179 | 2.6% | |
| -0.8 to -0.7 | 179 | 2.6% | |
| -0.7 to -0.6 | 737 | 10.8% | |
| -0.6 to -0.5 | 737 | 10.8% | |
| -0.5 to -0.4 | 617 | 9.1% | |
| -0.4 to -0.3 | 616 | 9.0% | |
| -0.3 to -0.2 | 339 | 5.0% | |
| -0.2 to -0.1 | 338 | 5.0% | |
| -0.1 to 0.0 | 247 | 3.6% | |
| 0.0 to 0.1 | 246 | 3.6% | |
| 0.1 to 0.2 | 221 | 3.2% | |
| 0.2 to 0.3 | 221 | 3.2% | |
| 0.3 to 0.4 | 228 | 3.3% | |
| 0.4 to 0.5 | 228 | 3.3% | |
| 0.5 to 0.6 | 298 | 4.4% | |
| 0.6 to 0.7 | 297 | 4.4% | |
| 0.7 to 0.8 | 486 | 7.1% | |
| 0.8 to 0.9 | 486 | 7.1% | |
| 0.9 to 1.0 | 107 | 1.6% |
Frequently asked questions
What is the average correlation of AXR?
AMREP Corporation (AXR) has an average correlation of about -0.043 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is AXR positively correlated with other stocks?
Not predominantly — 41.4% of pairs are positive and 58.6% are negative. Strong positive correlations (≥0.7) make up 15.9%.
What is the most common correlation range for AXR?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for AXR.
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