Axis Capital Holders Limited (AXS) Correlation Distribution
Across 6,809 rolling correlation observations between Axis Capital Holders Limited (AXS) and other NASDAQ-listed stocks, 39.5% are positive and 60.5% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.8% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.06
- Most common range
- -0.5 to -0.4
- Positive pairs
- 39.5%
- Strong positive (≥0.7)
- 13.8%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 146 | 2.1% | |
| -0.8 to -0.7 | 146 | 2.1% | |
| -0.7 to -0.6 | 689 | 10.1% | |
| -0.6 to -0.5 | 688 | 10.1% | |
| -0.5 to -0.4 | 748 | 11.0% | |
| -0.4 to -0.3 | 747 | 11.0% | |
| -0.3 to -0.2 | 343 | 5.0% | |
| -0.2 to -0.1 | 342 | 5.0% | |
| -0.1 to 0.0 | 269 | 4.0% | |
| 0.0 to 0.1 | 268 | 3.9% | |
| 0.1 to 0.2 | 235 | 3.5% | |
| 0.2 to 0.3 | 234 | 3.4% | |
| 0.3 to 0.4 | 224 | 3.3% | |
| 0.4 to 0.5 | 223 | 3.3% | |
| 0.5 to 0.6 | 283 | 4.2% | |
| 0.6 to 0.7 | 282 | 4.1% | |
| 0.7 to 0.8 | 384 | 5.6% | |
| 0.8 to 0.9 | 384 | 5.6% | |
| 0.9 to 1.0 | 172 | 2.5% |
Frequently asked questions
What is the average correlation of AXS?
Axis Capital Holders Limited (AXS) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AXS positively correlated with other stocks?
Not predominantly — 39.5% of pairs are positive and 60.5% are negative. Strong positive correlations (≥0.7) make up 13.8%.
What is the most common correlation range for AXS?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 24.8% of all pairs.
Explore the full interactive correlation distribution for AXS.
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