Nano Dimension Ltd. American Depositary Shares (NNDM) Correlation Distribution
Across 6,809 rolling correlation observations between Nano Dimension Ltd. American Depositary Shares (NNDM) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.301, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 22.6% and strong negative correlations (≤−0.7) for 0.3%.
- Total observations
- 6,809
- Mean correlation
- 0.301
- Most common range
- 0.5 to 0.6
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 22.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 9 | 0.1% | |
| -0.8 to -0.7 | 9 | 0.1% | |
| -0.7 to -0.6 | 150 | 2.2% | |
| -0.6 to -0.5 | 149 | 2.2% | |
| -0.5 to -0.4 | 393 | 5.8% | |
| -0.4 to -0.3 | 393 | 5.8% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 276 | 4.1% | |
| 0.0 to 0.1 | 275 | 4.0% | |
| 0.1 to 0.2 | 290 | 4.3% | |
| 0.2 to 0.3 | 289 | 4.2% | |
| 0.3 to 0.4 | 435 | 6.4% | |
| 0.4 to 0.5 | 434 | 6.4% | |
| 0.5 to 0.6 | 785 | 11.5% | |
| 0.6 to 0.7 | 785 | 11.5% | |
| 0.7 to 0.8 | 638 | 9.4% | |
| 0.8 to 0.9 | 638 | 9.4% | |
| 0.9 to 1.0 | 266 | 3.9% |
Frequently asked questions
What is the average correlation of NNDM?
Nano Dimension Ltd. American Depositary Shares (NNDM) has an average correlation of about 0.301 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is NNDM positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 22.6%.
What is the most common correlation range for NNDM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 25.3% of all pairs.
Explore the full interactive correlation distribution for NNDM.
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