iHuman Inc. American depositary shares, each representing five Class A ordinary shares (IH) Correlation Distribution
Across 6,806 rolling correlation observations between iHuman Inc. American depositary shares, each representing five Class A ordinary shares (IH) and other NASDAQ-listed stocks, 62.8% are positive and 37.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.178, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17.1% and strong negative correlations (≤−0.7) for 2.9%.
- Total observations
- 6,806
- Mean correlation
- 0.178
- Most common range
- 0.5 to 0.6
- Positive pairs
- 62.8%
- Strong positive (≥0.7)
- 17.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 99 | 1.5% | |
| -0.8 to -0.7 | 98 | 1.4% | |
| -0.7 to -0.6 | 320 | 4.7% | |
| -0.6 to -0.5 | 319 | 4.7% | |
| -0.5 to -0.4 | 394 | 5.8% | |
| -0.4 to -0.3 | 394 | 5.8% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 325 | 4.8% | |
| 0.0 to 0.1 | 324 | 4.8% | |
| 0.1 to 0.2 | 339 | 5.0% | |
| 0.2 to 0.3 | 338 | 5.0% | |
| 0.3 to 0.4 | 428 | 6.3% | |
| 0.4 to 0.5 | 427 | 6.3% | |
| 0.5 to 0.6 | 627 | 9.2% | |
| 0.6 to 0.7 | 626 | 9.2% | |
| 0.7 to 0.8 | 497 | 7.3% | |
| 0.8 to 0.9 | 496 | 7.3% | |
| 0.9 to 1.0 | 170 | 2.5% |
Frequently asked questions
What is the average correlation of IH?
iHuman Inc. American depositary shares, each representing five Class A ordinary shares (IH) has an average correlation of about 0.178 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is IH positively correlated with other stocks?
Mostly yes — 62.8% of pairs are positive and 37.2% are negative. Strong positive correlations (≥0.7) make up 17.1%.
What is the most common correlation range for IH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 28% of all pairs.
Explore the full interactive correlation distribution for IH.
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