Eason Technology Limited American Depositary Shares (each representing sixty-thousand (60,000) Ordinary Shares) (DXF) Correlation Distribution
Across 6,793 rolling correlation observations between Eason Technology Limited American Depositary Shares (each representing sixty-thousand (60,000) Ordinary Shares) (DXF) and other NASDAQ-listed stocks, 70.8% are positive and 29.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25.5% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,793
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.8%
- Strong positive (≥0.7)
- 25.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 170 | 2.5% | |
| -0.5 to -0.4 | 284 | 4.2% | |
| -0.4 to -0.3 | 283 | 4.2% | |
| -0.3 to -0.2 | 303 | 4.5% | |
| -0.2 to -0.1 | 302 | 4.4% | |
| -0.1 to 0.0 | 298 | 4.4% | |
| 0.0 to 0.1 | 297 | 4.4% | |
| 0.1 to 0.2 | 302 | 4.4% | |
| 0.2 to 0.3 | 302 | 4.4% | |
| 0.3 to 0.4 | 406 | 6.0% | |
| 0.4 to 0.5 | 405 | 6.0% | |
| 0.5 to 0.6 | 684 | 10.1% | |
| 0.6 to 0.7 | 683 | 10.1% | |
| 0.7 to 0.8 | 772 | 11.4% | |
| 0.8 to 0.9 | 771 | 11.3% | |
| 0.9 to 1.0 | 187 | 2.8% |
Frequently asked questions
What is the average correlation of DXF?
Eason Technology Limited American Depositary Shares (each representing sixty-thousand (60,000) Ordinary Shares) (DXF) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is DXF positively correlated with other stocks?
Mostly yes — 70.8% of pairs are positive and 29.2% are negative. Strong positive correlations (≥0.7) make up 25.5%.
What is the most common correlation range for DXF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for DXF.
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