Intchains Group Limited American Depositary Shares (ICG) Correlation Distribution
Across 6,019 rolling correlation observations between Intchains Group Limited American Depositary Shares (ICG) and other NASDAQ-listed stocks, 50.7% are positive and 49.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.005, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6.7% and strong negative correlations (≤−0.7) for 8.1%.
- Total observations
- 6,019
- Mean correlation
- -0.005
- Most common range
- -0.7 to -0.6
- Positive pairs
- 50.7%
- Strong positive (≥0.7)
- 6.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 243 | 4.0% | |
| -0.8 to -0.7 | 242 | 4.0% | |
| -0.7 to -0.6 | 475 | 7.9% | |
| -0.6 to -0.5 | 474 | 7.9% | |
| -0.5 to -0.4 | 354 | 5.9% | |
| -0.4 to -0.3 | 353 | 5.9% | |
| -0.3 to -0.2 | 278 | 4.6% | |
| -0.2 to -0.1 | 277 | 4.6% | |
| -0.1 to 0.0 | 269 | 4.5% | |
| 0.0 to 0.1 | 268 | 4.5% | |
| 0.1 to 0.2 | 314 | 5.2% | |
| 0.2 to 0.3 | 314 | 5.2% | |
| 0.3 to 0.4 | 445 | 7.4% | |
| 0.4 to 0.5 | 445 | 7.4% | |
| 0.5 to 0.6 | 433 | 7.2% | |
| 0.6 to 0.7 | 433 | 7.2% | |
| 0.7 to 0.8 | 201 | 3.3% | |
| 0.8 to 0.9 | 201 | 3.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of ICG?
Intchains Group Limited American Depositary Shares (ICG) has an average correlation of about -0.005 with other NASDAQ stocks, based on 6,019 pairwise observations.
Is ICG positively correlated with other stocks?
Mostly yes — 50.7% of pairs are positive and 49.3% are negative. Strong positive correlations (≥0.7) make up 6.7%.
What is the most common correlation range for ICG?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.6% of all pairs.
Explore the full interactive correlation distribution for ICG.
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