AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) Correlation Distribution
Across 6,634 rolling correlation observations between AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) and other NASDAQ-listed stocks, 61.8% are positive and 38.2% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.112, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 2.1% and strong negative correlations (≤−0.7) for 0.4%.
- Total observations
- 6,634
- Mean correlation
- 0.112
- Most common range
- -0.3 to -0.2
- Positive pairs
- 61.8%
- Strong positive (≥0.7)
- 2.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 12 | 0.2% | |
| -0.8 to -0.7 | 12 | 0.2% | |
| -0.7 to -0.6 | 20 | 0.3% | |
| -0.6 to -0.5 | 19 | 0.3% | |
| -0.5 to -0.4 | 104 | 1.6% | |
| -0.4 to -0.3 | 104 | 1.6% | |
| -0.3 to -0.2 | 804 | 12.1% | |
| -0.2 to -0.1 | 804 | 12.1% | |
| -0.1 to 0.0 | 655 | 9.9% | |
| 0.0 to 0.1 | 654 | 9.9% | |
| 0.1 to 0.2 | 766 | 11.5% | |
| 0.2 to 0.3 | 765 | 11.5% | |
| 0.3 to 0.4 | 719 | 10.8% | |
| 0.4 to 0.5 | 719 | 10.8% | |
| 0.5 to 0.6 | 166 | 2.5% | |
| 0.6 to 0.7 | 166 | 2.5% | |
| 0.7 to 0.8 | 64 | 1.0% | |
| 0.8 to 0.9 | 64 | 1.0% | |
| 0.9 to 1.0 | 14 | 0.2% |
Frequently asked questions
What is the average correlation of HKD?
AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) has an average correlation of about 0.112 with other NASDAQ stocks, based on 6,634 pairwise observations.
Is HKD positively correlated with other stocks?
Mostly yes — 61.8% of pairs are positive and 38.2% are negative. Strong positive correlations (≥0.7) make up 2.1%.
What is the most common correlation range for HKD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 67% of all pairs.
Explore the full interactive correlation distribution for HKD.
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