New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) Correlation Distribution
Across 6,809 rolling correlation observations between New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) and other NASDAQ-listed stocks, 47.1% are positive and 52.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.016, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 5.5% and strong negative correlations (≤−0.7) for 4.6%.
- Total observations
- 6,809
- Mean correlation
- -0.016
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.1%
- Strong positive (≥0.7)
- 5.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 156 | 2.3% | |
| -0.8 to -0.7 | 156 | 2.3% | |
| -0.7 to -0.6 | 412 | 6.1% | |
| -0.6 to -0.5 | 412 | 6.1% | |
| -0.5 to -0.4 | 510 | 7.5% | |
| -0.4 to -0.3 | 510 | 7.5% | |
| -0.3 to -0.2 | 513 | 7.5% | |
| -0.2 to -0.1 | 512 | 7.5% | |
| -0.1 to 0.0 | 417 | 6.1% | |
| 0.0 to 0.1 | 416 | 6.1% | |
| 0.1 to 0.2 | 415 | 6.1% | |
| 0.2 to 0.3 | 414 | 6.1% | |
| 0.3 to 0.4 | 450 | 6.6% | |
| 0.4 to 0.5 | 449 | 6.6% | |
| 0.5 to 0.6 | 345 | 5.1% | |
| 0.6 to 0.7 | 344 | 5.1% | |
| 0.7 to 0.8 | 157 | 2.3% | |
| 0.8 to 0.9 | 157 | 2.3% | |
| 0.9 to 1.0 | 61 | 0.9% |
Frequently asked questions
What is the average correlation of EDU?
New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) has an average correlation of about -0.016 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EDU positively correlated with other stocks?
Not predominantly — 47.1% of pairs are positive and 52.9% are negative. Strong positive correlations (≥0.7) make up 5.5%.
What is the most common correlation range for EDU?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 39.5% of all pairs.
Explore the full interactive correlation distribution for EDU.
Open interactive dashboard →