indie Semiconductor, Inc. Class A Common Stock (INDI) Correlation Distribution
Across 6,806 rolling correlation observations between indie Semiconductor, Inc. Class A Common Stock (INDI) and other NASDAQ-listed stocks, 67.5% are positive and 32.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.2, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,806
- Mean correlation
- 0.2
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.5%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 153 | 2.2% | |
| -0.8 to -0.7 | 152 | 2.2% | |
| -0.7 to -0.6 | 324 | 4.8% | |
| -0.6 to -0.5 | 323 | 4.7% | |
| -0.5 to -0.4 | 260 | 3.8% | |
| -0.4 to -0.3 | 259 | 3.8% | |
| -0.3 to -0.2 | 247 | 3.6% | |
| -0.2 to -0.1 | 246 | 3.6% | |
| -0.1 to 0.0 | 248 | 3.6% | |
| 0.0 to 0.1 | 247 | 3.6% | |
| 0.1 to 0.2 | 311 | 4.6% | |
| 0.2 to 0.3 | 310 | 4.6% | |
| 0.3 to 0.4 | 513 | 7.5% | |
| 0.4 to 0.5 | 512 | 7.5% | |
| 0.5 to 0.6 | 988 | 14.5% | |
| 0.6 to 0.7 | 987 | 14.5% | |
| 0.7 to 0.8 | 363 | 5.3% | |
| 0.8 to 0.9 | 362 | 5.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of INDI?
indie Semiconductor, Inc. Class A Common Stock (INDI) has an average correlation of about 0.2 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is INDI positively correlated with other stocks?
Mostly yes — 67.5% of pairs are positive and 32.5% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for INDI?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.6% of all pairs.
Explore the full interactive correlation distribution for INDI.
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