IXAQU (IXAQU) Correlation Distribution
Across 5,283 rolling correlation observations between IXAQU (IXAQU) and other NASDAQ-listed stocks, 29.7% are positive and 70.3% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.207, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.4% and strong negative correlations (≤−0.7) for 12.8%.
- Total observations
- 5,283
- Mean correlation
- -0.207
- Most common range
- -0.7 to -0.6
- Positive pairs
- 29.7%
- Strong positive (≥0.7)
- 9.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 7 | 0.1% | |
| -0.9 to -0.8 | 336 | 6.4% | |
| -0.8 to -0.7 | 335 | 6.3% | |
| -0.7 to -0.6 | 687 | 13.0% | |
| -0.6 to -0.5 | 686 | 13.0% | |
| -0.5 to -0.4 | 516 | 9.8% | |
| -0.4 to -0.3 | 515 | 9.7% | |
| -0.3 to -0.2 | 231 | 4.4% | |
| -0.2 to -0.1 | 230 | 4.4% | |
| -0.1 to 0.0 | 173 | 3.3% | |
| 0.0 to 0.1 | 172 | 3.3% | |
| 0.1 to 0.2 | 139 | 2.6% | |
| 0.2 to 0.3 | 138 | 2.6% | |
| 0.3 to 0.4 | 143 | 2.7% | |
| 0.4 to 0.5 | 143 | 2.7% | |
| 0.5 to 0.6 | 167 | 3.2% | |
| 0.6 to 0.7 | 167 | 3.2% | |
| 0.7 to 0.8 | 224 | 4.2% | |
| 0.8 to 0.9 | 223 | 4.2% | |
| 0.9 to 1.0 | 51 | 1.0% |
Frequently asked questions
What is the average correlation of IXAQU?
IXAQU (IXAQU) has an average correlation of about -0.207 with other NASDAQ stocks, based on 5,283 pairwise observations.
Is IXAQU positively correlated with other stocks?
Not predominantly — 29.7% of pairs are positive and 70.3% are negative. Strong positive correlations (≥0.7) make up 9.4%.
What is the most common correlation range for IXAQU?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 20.5% of all pairs.
Explore the full interactive correlation distribution for IXAQU.
Open interactive dashboard →