AstraZeneca PLC (AZN) Correlation Distribution
Across 6,809 rolling correlation observations between AstraZeneca PLC (AZN) and other NASDAQ-listed stocks, 36% are positive and 64% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.168, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.1% and strong negative correlations (≤−0.7) for 14.7%.
- Total observations
- 6,809
- Mean correlation
- -0.168
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36%
- Strong positive (≥0.7)
- 5.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 501 | 7.4% | |
| -0.8 to -0.7 | 501 | 7.4% | |
| -0.7 to -0.6 | 777 | 11.4% | |
| -0.6 to -0.5 | 777 | 11.4% | |
| -0.5 to -0.4 | 434 | 6.4% | |
| -0.4 to -0.3 | 434 | 6.4% | |
| -0.3 to -0.2 | 336 | 4.9% | |
| -0.2 to -0.1 | 335 | 4.9% | |
| -0.1 to 0.0 | 265 | 3.9% | |
| 0.0 to 0.1 | 265 | 3.9% | |
| 0.1 to 0.2 | 255 | 3.7% | |
| 0.2 to 0.3 | 254 | 3.7% | |
| 0.3 to 0.4 | 265 | 3.9% | |
| 0.4 to 0.5 | 264 | 3.9% | |
| 0.5 to 0.6 | 400 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 174 | 2.6% | |
| 0.8 to 0.9 | 173 | 2.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of AZN?
AstraZeneca PLC (AZN) has an average correlation of about -0.168 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is AZN positively correlated with other stocks?
Not predominantly — 36% of pairs are positive and 64% are negative. Strong positive correlations (≥0.7) make up 5.1%.
What is the most common correlation range for AZN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.1% of all pairs.
Explore the full interactive correlation distribution for AZN.
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