AY (AY) Correlation Distribution
Across 6,792 rolling correlation observations between AY (AY) and other NASDAQ-listed stocks, 70.4% are positive and 29.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.5% and strong negative correlations (≤−0.7) for 6.1%.
- Total observations
- 6,792
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.4%
- Strong positive (≥0.7)
- 33.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 194 | 2.9% | |
| -0.8 to -0.7 | 193 | 2.8% | |
| -0.7 to -0.6 | 287 | 4.2% | |
| -0.6 to -0.5 | 286 | 4.2% | |
| -0.5 to -0.4 | 227 | 3.3% | |
| -0.4 to -0.3 | 226 | 3.3% | |
| -0.3 to -0.2 | 182 | 2.7% | |
| -0.2 to -0.1 | 181 | 2.7% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 206 | 3.0% | |
| 0.1 to 0.2 | 233 | 3.4% | |
| 0.2 to 0.3 | 232 | 3.4% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 297 | 4.4% | |
| 0.5 to 0.6 | 623 | 9.2% | |
| 0.6 to 0.7 | 622 | 9.2% | |
| 0.7 to 0.8 | 1,078 | 15.9% | |
| 0.8 to 0.9 | 1,077 | 15.9% | |
| 0.9 to 1.0 | 118 | 1.7% |
Frequently asked questions
What is the average correlation of AY?
AY (AY) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,792 pairwise observations.
Is AY positively correlated with other stocks?
Mostly yes — 70.4% of pairs are positive and 29.6% are negative. Strong positive correlations (≥0.7) make up 33.5%.
What is the most common correlation range for AY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.3% of all pairs.
Explore the full interactive correlation distribution for AY.
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