Jayud Global Logistics Limited Class A Ordinary Shares (JYD) Correlation Distribution
Across 6,067 rolling correlation observations between Jayud Global Logistics Limited Class A Ordinary Shares (JYD) and other NASDAQ-listed stocks, 50.9% are positive and 49.1% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.03, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,067
- Mean correlation
- 0.03
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50.9%
- Strong positive (≥0.7)
- 2.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 35 | 0.6% | |
| -0.8 to -0.7 | 35 | 0.6% | |
| -0.7 to -0.6 | 99 | 1.6% | |
| -0.6 to -0.5 | 98 | 1.6% | |
| -0.5 to -0.4 | 404 | 6.7% | |
| -0.4 to -0.3 | 404 | 6.7% | |
| -0.3 to -0.2 | 693 | 11.4% | |
| -0.2 to -0.1 | 693 | 11.4% | |
| -0.1 to 0.0 | 516 | 8.5% | |
| 0.0 to 0.1 | 515 | 8.5% | |
| 0.1 to 0.2 | 486 | 8.0% | |
| 0.2 to 0.3 | 485 | 8.0% | |
| 0.3 to 0.4 | 560 | 9.2% | |
| 0.4 to 0.5 | 560 | 9.2% | |
| 0.5 to 0.6 | 172 | 2.8% | |
| 0.6 to 0.7 | 172 | 2.8% | |
| 0.7 to 0.8 | 64 | 1.1% | |
| 0.8 to 0.9 | 63 | 1.0% | |
| 0.9 to 1.0 | 9 | 0.1% |
Frequently asked questions
What is the average correlation of JYD?
Jayud Global Logistics Limited Class A Ordinary Shares (JYD) has an average correlation of about 0.03 with other NASDAQ stocks, based on 6,067 pairwise observations.
Is JYD positively correlated with other stocks?
Mostly yes — 50.9% of pairs are positive and 49.1% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for JYD?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 55.8% of all pairs.
Explore the full interactive correlation distribution for JYD.
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