Lichen China Limited Class A Ordinary Shares (LICN) Correlation Distribution
Across 6,235 rolling correlation observations between Lichen China Limited Class A Ordinary Shares (LICN) and other NASDAQ-listed stocks, 55.8% are positive and 44.2% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.059, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1.5% and strong negative correlations (≤−0.7) for 1.2%.
- Total observations
- 6,235
- Mean correlation
- 0.059
- Most common range
- 0.3 to 0.4
- Positive pairs
- 55.8%
- Strong positive (≥0.7)
- 1.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.6% | |
| -0.8 to -0.7 | 36 | 0.6% | |
| -0.7 to -0.6 | 344 | 5.5% | |
| -0.6 to -0.5 | 344 | 5.5% | |
| -0.5 to -0.4 | 447 | 7.2% | |
| -0.4 to -0.3 | 447 | 7.2% | |
| -0.3 to -0.2 | 381 | 6.1% | |
| -0.2 to -0.1 | 380 | 6.1% | |
| -0.1 to 0.0 | 338 | 5.4% | |
| 0.0 to 0.1 | 337 | 5.4% | |
| 0.1 to 0.2 | 387 | 6.2% | |
| 0.2 to 0.3 | 387 | 6.2% | |
| 0.3 to 0.4 | 622 | 10.0% | |
| 0.4 to 0.5 | 622 | 10.0% | |
| 0.5 to 0.6 | 518 | 8.3% | |
| 0.6 to 0.7 | 517 | 8.3% | |
| 0.7 to 0.8 | 46 | 0.7% | |
| 0.8 to 0.9 | 46 | 0.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of LICN?
Lichen China Limited Class A Ordinary Shares (LICN) has an average correlation of about 0.059 with other NASDAQ stocks, based on 6,235 pairwise observations.
Is LICN positively correlated with other stocks?
Mostly yes — 55.8% of pairs are positive and 44.2% are negative. Strong positive correlations (≥0.7) make up 1.5%.
What is the most common correlation range for LICN?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 35.4% of all pairs.
Explore the full interactive correlation distribution for LICN.
Open interactive dashboard →