Corporacion America Airports S.A. (CAAP) Correlation Distribution
Across 6,809 rolling correlation observations between Corporacion America Airports S.A. (CAAP) and other NASDAQ-listed stocks, 36.9% are positive and 63.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.149, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 16.4% and strong negative correlations (≤−0.7) for 21.7%.
- Total observations
- 6,809
- Mean correlation
- -0.149
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.9%
- Strong positive (≥0.7)
- 16.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 66 | 1.0% | |
| -0.9 to -0.8 | 707 | 10.4% | |
| -0.8 to -0.7 | 707 | 10.4% | |
| -0.7 to -0.6 | 773 | 11.4% | |
| -0.6 to -0.5 | 772 | 11.3% | |
| -0.5 to -0.4 | 318 | 4.7% | |
| -0.4 to -0.3 | 318 | 4.7% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 191 | 2.8% | |
| 0.0 to 0.1 | 190 | 2.8% | |
| 0.1 to 0.2 | 195 | 2.9% | |
| 0.2 to 0.3 | 194 | 2.8% | |
| 0.3 to 0.4 | 173 | 2.5% | |
| 0.4 to 0.5 | 172 | 2.5% | |
| 0.5 to 0.6 | 236 | 3.5% | |
| 0.6 to 0.7 | 236 | 3.5% | |
| 0.7 to 0.8 | 358 | 5.3% | |
| 0.8 to 0.9 | 358 | 5.3% | |
| 0.9 to 1.0 | 399 | 5.9% |
Frequently asked questions
What is the average correlation of CAAP?
Corporacion America Airports S.A. (CAAP) has an average correlation of about -0.149 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CAAP positively correlated with other stocks?
Not predominantly — 36.9% of pairs are positive and 63.1% are negative. Strong positive correlations (≥0.7) make up 16.4%.
What is the most common correlation range for CAAP?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 17.9% of all pairs.
Explore the full interactive correlation distribution for CAAP.
Open interactive dashboard →