Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares (BABA) Correlation Distribution
Across 6,809 rolling correlation observations between Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares (BABA) and other NASDAQ-listed stocks, 62.4% are positive and 37.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.189, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.3% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- 0.189
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.4%
- Strong positive (≥0.7)
- 24.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 32 | 0.5% | |
| -0.9 to -0.8 | 156 | 2.3% | |
| -0.8 to -0.7 | 156 | 2.3% | |
| -0.7 to -0.6 | 333 | 4.9% | |
| -0.6 to -0.5 | 332 | 4.9% | |
| -0.5 to -0.4 | 340 | 5.0% | |
| -0.4 to -0.3 | 340 | 5.0% | |
| -0.3 to -0.2 | 283 | 4.2% | |
| -0.2 to -0.1 | 283 | 4.2% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 303 | 4.4% | |
| 0.1 to 0.2 | 302 | 4.4% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 368 | 5.4% | |
| 0.4 to 0.5 | 367 | 5.4% | |
| 0.5 to 0.6 | 477 | 7.0% | |
| 0.6 to 0.7 | 477 | 7.0% | |
| 0.7 to 0.8 | 683 | 10.0% | |
| 0.8 to 0.9 | 683 | 10.0% | |
| 0.9 to 1.0 | 288 | 4.2% |
Frequently asked questions
What is the average correlation of BABA?
Alibaba Group Holding Limited American Depositary Shares, each represents eight Ordinary Shares (BABA) has an average correlation of about 0.189 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is BABA positively correlated with other stocks?
Mostly yes — 62.4% of pairs are positive and 37.6% are negative. Strong positive correlations (≥0.7) make up 24.3%.
What is the most common correlation range for BABA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.1% of all pairs.
Explore the full interactive correlation distribution for BABA.
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