Kingsoft Cloud Holdings Limited American Depositary Shares (KC) Correlation Distribution
Across 6,809 rolling correlation observations between Kingsoft Cloud Holdings Limited American Depositary Shares (KC) and other NASDAQ-listed stocks, 63.7% are positive and 36.3% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.227, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 26.4% and strong negative correlations (≤−0.7) for 2.4%.
- Total observations
- 6,809
- Mean correlation
- 0.227
- Most common range
- 0.7 to 0.8
- Positive pairs
- 63.7%
- Strong positive (≥0.7)
- 26.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 83 | 1.2% | |
| -0.8 to -0.7 | 82 | 1.2% | |
| -0.7 to -0.6 | 268 | 3.9% | |
| -0.6 to -0.5 | 268 | 3.9% | |
| -0.5 to -0.4 | 367 | 5.4% | |
| -0.4 to -0.3 | 367 | 5.4% | |
| -0.3 to -0.2 | 369 | 5.4% | |
| -0.2 to -0.1 | 368 | 5.4% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 300 | 4.4% | |
| 0.2 to 0.3 | 299 | 4.4% | |
| 0.3 to 0.4 | 363 | 5.3% | |
| 0.4 to 0.5 | 362 | 5.3% | |
| 0.5 to 0.6 | 457 | 6.7% | |
| 0.6 to 0.7 | 457 | 6.7% | |
| 0.7 to 0.8 | 740 | 10.9% | |
| 0.8 to 0.9 | 739 | 10.9% | |
| 0.9 to 1.0 | 317 | 4.7% |
Frequently asked questions
What is the average correlation of KC?
Kingsoft Cloud Holdings Limited American Depositary Shares (KC) has an average correlation of about 0.227 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is KC positively correlated with other stocks?
Mostly yes — 63.7% of pairs are positive and 36.3% are negative. Strong positive correlations (≥0.7) make up 26.4%.
What is the most common correlation range for KC?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for KC.
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