The9 Limited American Depository Shares representing three class A ordinary shares (NCTY) Correlation Distribution
Across 6,809 rolling correlation observations between The9 Limited American Depository Shares representing three class A ordinary shares (NCTY) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 17% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,809
- Mean correlation
- 0.284
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 17%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 96 | 1.4% | |
| -0.6 to -0.5 | 96 | 1.4% | |
| -0.5 to -0.4 | 367 | 5.4% | |
| -0.4 to -0.3 | 366 | 5.4% | |
| -0.3 to -0.2 | 385 | 5.7% | |
| -0.2 to -0.1 | 385 | 5.7% | |
| -0.1 to 0.0 | 331 | 4.9% | |
| 0.0 to 0.1 | 331 | 4.9% | |
| 0.1 to 0.2 | 323 | 4.7% | |
| 0.2 to 0.3 | 322 | 4.7% | |
| 0.3 to 0.4 | 466 | 6.8% | |
| 0.4 to 0.5 | 465 | 6.8% | |
| 0.5 to 0.6 | 857 | 12.6% | |
| 0.6 to 0.7 | 856 | 12.6% | |
| 0.7 to 0.8 | 447 | 6.6% | |
| 0.8 to 0.9 | 446 | 6.6% | |
| 0.9 to 1.0 | 266 | 3.9% |
Frequently asked questions
What is the average correlation of NCTY?
The9 Limited American Depository Shares representing three class A ordinary shares (NCTY) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NCTY positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 17%.
What is the most common correlation range for NCTY?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 30.5% of all pairs.
Explore the full interactive correlation distribution for NCTY.
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