DoubleDown Interactive Co., Ltd. American Depository Shares (DDI) Correlation Distribution
Across 6,798 rolling correlation observations between DoubleDown Interactive Co., Ltd. American Depository Shares (DDI) and other NASDAQ-listed stocks, 77.9% are positive and 22.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.314, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,798
- Mean correlation
- 0.314
- Most common range
- 0.5 to 0.6
- Positive pairs
- 77.9%
- Strong positive (≥0.7)
- 15%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 10 | 0.1% | |
| -0.8 to -0.7 | 10 | 0.1% | |
| -0.7 to -0.6 | 83 | 1.2% | |
| -0.6 to -0.5 | 82 | 1.2% | |
| -0.5 to -0.4 | 192 | 2.8% | |
| -0.4 to -0.3 | 192 | 2.8% | |
| -0.3 to -0.2 | 263 | 3.9% | |
| -0.2 to -0.1 | 262 | 3.9% | |
| -0.1 to 0.0 | 410 | 6.0% | |
| 0.0 to 0.1 | 410 | 6.0% | |
| 0.1 to 0.2 | 494 | 7.3% | |
| 0.2 to 0.3 | 493 | 7.3% | |
| 0.3 to 0.4 | 619 | 9.1% | |
| 0.4 to 0.5 | 619 | 9.1% | |
| 0.5 to 0.6 | 820 | 12.1% | |
| 0.6 to 0.7 | 820 | 12.1% | |
| 0.7 to 0.8 | 453 | 6.7% | |
| 0.8 to 0.9 | 452 | 6.6% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of DDI?
DoubleDown Interactive Co., Ltd. American Depository Shares (DDI) has an average correlation of about 0.314 with other NASDAQ stocks, based on 6,798 pairwise observations.
Is DDI positively correlated with other stocks?
Mostly yes — 77.9% of pairs are positive and 22.1% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for DDI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.3% of all pairs.
Explore the full interactive correlation distribution for DDI.
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