Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares) (DQ) Correlation Distribution
Across 6,809 rolling correlation observations between Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares) (DQ) and other NASDAQ-listed stocks, 68.8% are positive and 31.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.227, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 15% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,809
- Mean correlation
- 0.227
- Most common range
- 0.5 to 0.6
- Positive pairs
- 68.8%
- Strong positive (≥0.7)
- 15%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 93 | 1.4% | |
| -0.8 to -0.7 | 93 | 1.4% | |
| -0.7 to -0.6 | 338 | 5.0% | |
| -0.6 to -0.5 | 337 | 4.9% | |
| -0.5 to -0.4 | 269 | 4.0% | |
| -0.4 to -0.3 | 268 | 3.9% | |
| -0.3 to -0.2 | 238 | 3.5% | |
| -0.2 to -0.1 | 238 | 3.5% | |
| -0.1 to 0.0 | 237 | 3.5% | |
| 0.0 to 0.1 | 237 | 3.5% | |
| 0.1 to 0.2 | 316 | 4.6% | |
| 0.2 to 0.3 | 316 | 4.6% | |
| 0.3 to 0.4 | 502 | 7.4% | |
| 0.4 to 0.5 | 501 | 7.4% | |
| 0.5 to 0.6 | 896 | 13.2% | |
| 0.6 to 0.7 | 896 | 13.2% | |
| 0.7 to 0.8 | 495 | 7.3% | |
| 0.8 to 0.9 | 495 | 7.3% | |
| 0.9 to 1.0 | 31 | 0.5% |
Frequently asked questions
What is the average correlation of DQ?
Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares) (DQ) has an average correlation of about 0.227 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DQ positively correlated with other stocks?
Mostly yes — 68.8% of pairs are positive and 31.2% are negative. Strong positive correlations (≥0.7) make up 15%.
What is the most common correlation range for DQ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.2% of all pairs.
Explore the full interactive correlation distribution for DQ.
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