Lixiang Education Holding Co., Ltd. American Depositary Shares (LXEH) Correlation Distribution
Across 6,718 rolling correlation observations between Lixiang Education Holding Co., Ltd. American Depositary Shares (LXEH) and other NASDAQ-listed stocks, 67.9% are positive and 32.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.292, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 38.9% and strong negative correlations (≤−0.7) for 7.3%.
- Total observations
- 6,718
- Mean correlation
- 0.292
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.9%
- Strong positive (≥0.7)
- 38.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 241 | 3.6% | |
| -0.8 to -0.7 | 241 | 3.6% | |
| -0.7 to -0.6 | 290 | 4.3% | |
| -0.6 to -0.5 | 289 | 4.3% | |
| -0.5 to -0.4 | 220 | 3.3% | |
| -0.4 to -0.3 | 220 | 3.3% | |
| -0.3 to -0.2 | 214 | 3.2% | |
| -0.2 to -0.1 | 214 | 3.2% | |
| -0.1 to 0.0 | 219 | 3.3% | |
| 0.0 to 0.1 | 219 | 3.3% | |
| 0.1 to 0.2 | 213 | 3.2% | |
| 0.2 to 0.3 | 213 | 3.2% | |
| 0.3 to 0.4 | 255 | 3.8% | |
| 0.4 to 0.5 | 254 | 3.8% | |
| 0.5 to 0.6 | 395 | 5.9% | |
| 0.6 to 0.7 | 394 | 5.9% | |
| 0.7 to 0.8 | 938 | 14.0% | |
| 0.8 to 0.9 | 938 | 14.0% | |
| 0.9 to 1.0 | 740 | 11.0% |
Frequently asked questions
What is the average correlation of LXEH?
Lixiang Education Holding Co., Ltd. American Depositary Shares (LXEH) has an average correlation of about 0.292 with other NASDAQ stocks, based on 6,718 pairwise observations.
Is LXEH positively correlated with other stocks?
Mostly yes — 67.9% of pairs are positive and 32.1% are negative. Strong positive correlations (≥0.7) make up 38.9%.
What is the most common correlation range for LXEH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.2% of all pairs.
Explore the full interactive correlation distribution for LXEH.
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