IXAQ (IXAQ) Correlation Distribution
Across 5,998 rolling correlation observations between IXAQ (IXAQ) and other NASDAQ-listed stocks, 34% are positive and 66% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.197, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 15.1% and strong negative correlations (≤−0.7) for 28.1%.
- Total observations
- 5,998
- Mean correlation
- -0.197
- Most common range
- -0.9 to -0.8
- Positive pairs
- 34%
- Strong positive (≥0.7)
- 15.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 292 | 4.9% | |
| -0.9 to -0.8 | 697 | 11.6% | |
| -0.8 to -0.7 | 696 | 11.6% | |
| -0.7 to -0.6 | 524 | 8.7% | |
| -0.6 to -0.5 | 523 | 8.7% | |
| -0.5 to -0.4 | 326 | 5.4% | |
| -0.4 to -0.3 | 326 | 5.4% | |
| -0.3 to -0.2 | 209 | 3.5% | |
| -0.2 to -0.1 | 209 | 3.5% | |
| -0.1 to 0.0 | 157 | 2.6% | |
| 0.0 to 0.1 | 156 | 2.6% | |
| 0.1 to 0.2 | 137 | 2.3% | |
| 0.2 to 0.3 | 136 | 2.3% | |
| 0.3 to 0.4 | 154 | 2.6% | |
| 0.4 to 0.5 | 154 | 2.6% | |
| 0.5 to 0.6 | 199 | 3.3% | |
| 0.6 to 0.7 | 199 | 3.3% | |
| 0.7 to 0.8 | 301 | 5.0% | |
| 0.8 to 0.9 | 301 | 5.0% | |
| 0.9 to 1.0 | 302 | 5.0% |
Frequently asked questions
What is the average correlation of IXAQ?
IXAQ (IXAQ) has an average correlation of about -0.197 with other NASDAQ stocks, based on 5,998 pairwise observations.
Is IXAQ positively correlated with other stocks?
Not predominantly — 34% of pairs are positive and 66% are negative. Strong positive correlations (≥0.7) make up 15.1%.
What is the most common correlation range for IXAQ?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.7% of all pairs.
Explore the full interactive correlation distribution for IXAQ.
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