Fangdd Network Group Ltd. Class A Ordinary Shares (DUO) Correlation Distribution
Across 6,809 rolling correlation observations between Fangdd Network Group Ltd. Class A Ordinary Shares (DUO) and other NASDAQ-listed stocks, 61.1% are positive and 38.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.182, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.2% and strong negative correlations (≤−0.7) for 6.5%.
- Total observations
- 6,809
- Mean correlation
- 0.182
- Most common range
- 0.7 to 0.8
- Positive pairs
- 61.1%
- Strong positive (≥0.7)
- 25.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.1% | |
| -0.9 to -0.8 | 216 | 3.2% | |
| -0.8 to -0.7 | 215 | 3.2% | |
| -0.7 to -0.6 | 395 | 5.8% | |
| -0.6 to -0.5 | 395 | 5.8% | |
| -0.5 to -0.4 | 327 | 4.8% | |
| -0.4 to -0.3 | 327 | 4.8% | |
| -0.3 to -0.2 | 258 | 3.8% | |
| -0.2 to -0.1 | 258 | 3.8% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 248 | 3.6% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 337 | 4.9% | |
| 0.4 to 0.5 | 337 | 4.9% | |
| 0.5 to 0.6 | 517 | 7.6% | |
| 0.6 to 0.7 | 517 | 7.6% | |
| 0.7 to 0.8 | 632 | 9.3% | |
| 0.8 to 0.9 | 631 | 9.3% | |
| 0.9 to 1.0 | 456 | 6.7% |
Frequently asked questions
What is the average correlation of DUO?
Fangdd Network Group Ltd. Class A Ordinary Shares (DUO) has an average correlation of about 0.182 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is DUO positively correlated with other stocks?
Mostly yes — 61.1% of pairs are positive and 38.9% are negative. Strong positive correlations (≥0.7) make up 25.2%.
What is the most common correlation range for DUO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 22% of all pairs.
Explore the full interactive correlation distribution for DUO.
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