AEye, Inc. Class A Common Stock (LIDR) Correlation Distribution
Across 6,804 rolling correlation observations between AEye, Inc. Class A Common Stock (LIDR) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 39.7% and strong negative correlations (≤−0.7) for 3.1%.
- Total observations
- 6,804
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 39.7%
- Sector
- Motor Vehicle Parts & Accessories
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 105 | 1.5% | |
| -0.8 to -0.7 | 105 | 1.5% | |
| -0.7 to -0.6 | 307 | 4.5% | |
| -0.6 to -0.5 | 306 | 4.5% | |
| -0.5 to -0.4 | 279 | 4.1% | |
| -0.4 to -0.3 | 279 | 4.1% | |
| -0.3 to -0.2 | 211 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 195 | 2.9% | |
| 0.0 to 0.1 | 194 | 2.9% | |
| 0.1 to 0.2 | 226 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 266 | 3.9% | |
| 0.4 to 0.5 | 266 | 3.9% | |
| 0.5 to 0.6 | 464 | 6.8% | |
| 0.6 to 0.7 | 463 | 6.8% | |
| 0.7 to 0.8 | 1,163 | 17.1% | |
| 0.8 to 0.9 | 1,162 | 17.1% | |
| 0.9 to 1.0 | 375 | 5.5% |
Frequently asked questions
What is the average correlation of LIDR?
AEye, Inc. Class A Common Stock (LIDR) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is LIDR positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 39.7%.
What is the most common correlation range for LIDR?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for LIDR.
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