Niu Technologies American Depositary Shares (NIU) Correlation Distribution
Across 6,809 rolling correlation observations between Niu Technologies American Depositary Shares (NIU) and other NASDAQ-listed stocks, 67.9% are positive and 32.1% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.302, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 38.7% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- 0.302
- Most common range
- 0.9 to 1.0
- Positive pairs
- 67.9%
- Strong positive (≥0.7)
- 38.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 171 | 2.5% | |
| -0.8 to -0.7 | 170 | 2.5% | |
| -0.7 to -0.6 | 326 | 4.8% | |
| -0.6 to -0.5 | 326 | 4.8% | |
| -0.5 to -0.4 | 273 | 4.0% | |
| -0.4 to -0.3 | 273 | 4.0% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 222 | 3.3% | |
| -0.1 to 0.0 | 201 | 3.0% | |
| 0.0 to 0.1 | 201 | 3.0% | |
| 0.1 to 0.2 | 224 | 3.3% | |
| 0.2 to 0.3 | 223 | 3.3% | |
| 0.3 to 0.4 | 269 | 4.0% | |
| 0.4 to 0.5 | 269 | 4.0% | |
| 0.5 to 0.6 | 399 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 860 | 12.6% | |
| 0.8 to 0.9 | 860 | 12.6% | |
| 0.9 to 1.0 | 916 | 13.5% |
Frequently asked questions
What is the average correlation of NIU?
Niu Technologies American Depositary Shares (NIU) has an average correlation of about 0.302 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NIU 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 38.7%.
What is the most common correlation range for NIU?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for NIU.
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