NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) Correlation Distribution
Across 6,809 rolling correlation observations between NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) and other NASDAQ-listed stocks, 69.1% are positive and 30.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.306, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.6% and strong negative correlations (≤−0.7) for 4.4%.
- Total observations
- 6,809
- Mean correlation
- 0.306
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.1%
- Strong positive (≥0.7)
- 38.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 150 | 2.2% | |
| -0.8 to -0.7 | 150 | 2.2% | |
| -0.7 to -0.6 | 350 | 5.1% | |
| -0.6 to -0.5 | 350 | 5.1% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 210 | 3.1% | |
| -0.2 to -0.1 | 209 | 3.1% | |
| -0.1 to 0.0 | 199 | 2.9% | |
| 0.0 to 0.1 | 198 | 2.9% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 274 | 4.0% | |
| 0.4 to 0.5 | 273 | 4.0% | |
| 0.5 to 0.6 | 459 | 6.7% | |
| 0.6 to 0.7 | 459 | 6.7% | |
| 0.7 to 0.8 | 1,090 | 16.0% | |
| 0.8 to 0.9 | 1,090 | 16.0% | |
| 0.9 to 1.0 | 445 | 6.5% |
Frequently asked questions
What is the average correlation of NIO?
NIO Inc. American depositary shares, each representing one Class A ordinary share (NIO) has an average correlation of about 0.306 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NIO positively correlated with other stocks?
Mostly yes — 69.1% of pairs are positive and 30.9% are negative. Strong positive correlations (≥0.7) make up 38.6%.
What is the most common correlation range for NIO?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.1% of all pairs.
Explore the full interactive correlation distribution for NIO.
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