Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC) Correlation Distribution
Across 6,809 rolling correlation observations between Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC) and other NASDAQ-listed stocks, 38.9% are positive and 61.1% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.141, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 7.9% and strong negative correlations (≤−0.7) for 17.8%.
- Total observations
- 6,809
- Mean correlation
- -0.141
- Most common range
- -0.7 to -0.6
- Positive pairs
- 38.9%
- Strong positive (≥0.7)
- 7.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 606 | 8.9% | |
| -0.8 to -0.7 | 605 | 8.9% | |
| -0.7 to -0.6 | 638 | 9.4% | |
| -0.6 to -0.5 | 637 | 9.4% | |
| -0.5 to -0.4 | 416 | 6.1% | |
| -0.4 to -0.3 | 416 | 6.1% | |
| -0.3 to -0.2 | 288 | 4.2% | |
| -0.2 to -0.1 | 288 | 4.2% | |
| -0.1 to 0.0 | 264 | 3.9% | |
| 0.0 to 0.1 | 264 | 3.9% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 314 | 4.6% | |
| 0.4 to 0.5 | 313 | 4.6% | |
| 0.5 to 0.6 | 369 | 5.4% | |
| 0.6 to 0.7 | 368 | 5.4% | |
| 0.7 to 0.8 | 266 | 3.9% | |
| 0.8 to 0.9 | 266 | 3.9% | |
| 0.9 to 1.0 | 8 | 0.1% |
Frequently asked questions
What is the average correlation of PAC?
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Amer. Dep. Shares (each rep. 10 Ser. B shares) (PAC) has an average correlation of about -0.141 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAC positively correlated with other stocks?
Not predominantly — 38.9% of pairs are positive and 61.1% are negative. Strong positive correlations (≥0.7) make up 7.9%.
What is the most common correlation range for PAC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 23.3% of all pairs.
Explore the full interactive correlation distribution for PAC.
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