China Yuchai International Ltd. (CYD) Correlation Distribution
Across 6,809 rolling correlation observations between China Yuchai International Ltd. (CYD) and other NASDAQ-listed stocks, 65.2% are positive and 34.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.177, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 7.5% and strong negative correlations (≤−0.7) for 1.4%.
- Total observations
- 6,809
- Mean correlation
- 0.177
- Most common range
- 0.5 to 0.6
- Positive pairs
- 65.2%
- Strong positive (≥0.7)
- 7.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 47 | 0.7% | |
| -0.8 to -0.7 | 47 | 0.7% | |
| -0.7 to -0.6 | 157 | 2.3% | |
| -0.6 to -0.5 | 157 | 2.3% | |
| -0.5 to -0.4 | 314 | 4.6% | |
| -0.4 to -0.3 | 313 | 4.6% | |
| -0.3 to -0.2 | 437 | 6.4% | |
| -0.2 to -0.1 | 436 | 6.4% | |
| -0.1 to 0.0 | 456 | 6.7% | |
| 0.0 to 0.1 | 456 | 6.7% | |
| 0.1 to 0.2 | 474 | 7.0% | |
| 0.2 to 0.3 | 474 | 7.0% | |
| 0.3 to 0.4 | 558 | 8.2% | |
| 0.4 to 0.5 | 557 | 8.2% | |
| 0.5 to 0.6 | 705 | 10.4% | |
| 0.6 to 0.7 | 705 | 10.4% | |
| 0.7 to 0.8 | 248 | 3.6% | |
| 0.8 to 0.9 | 247 | 3.6% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of CYD?
China Yuchai International Ltd. (CYD) has an average correlation of about 0.177 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is CYD positively correlated with other stocks?
Mostly yes — 65.2% of pairs are positive and 34.8% are negative. Strong positive correlations (≥0.7) make up 7.5%.
What is the most common correlation range for CYD?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 40.1% of all pairs.
Explore the full interactive correlation distribution for CYD.
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