Phibro Animal Health Corporation Class A (PAHC) Correlation Distribution
Across 6,809 rolling correlation observations between Phibro Animal Health Corporation Class A (PAHC) and other NASDAQ-listed stocks, 74.4% are positive and 25.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.255, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 9.2% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,809
- Mean correlation
- 0.255
- Most common range
- 0.5 to 0.6
- Positive pairs
- 74.4%
- Strong positive (≥0.7)
- 9.2%
- Sector
- Pharmaceutical Preparations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 45 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 130 | 1.9% | |
| -0.6 to -0.5 | 129 | 1.9% | |
| -0.5 to -0.4 | 217 | 3.2% | |
| -0.4 to -0.3 | 217 | 3.2% | |
| -0.3 to -0.2 | 290 | 4.3% | |
| -0.2 to -0.1 | 289 | 4.2% | |
| -0.1 to 0.0 | 383 | 5.6% | |
| 0.0 to 0.1 | 382 | 5.6% | |
| 0.1 to 0.2 | 498 | 7.3% | |
| 0.2 to 0.3 | 497 | 7.3% | |
| 0.3 to 0.4 | 711 | 10.4% | |
| 0.4 to 0.5 | 710 | 10.4% | |
| 0.5 to 0.6 | 820 | 12.0% | |
| 0.6 to 0.7 | 819 | 12.0% | |
| 0.7 to 0.8 | 305 | 4.5% | |
| 0.8 to 0.9 | 304 | 4.5% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of PAHC?
Phibro Animal Health Corporation Class A (PAHC) has an average correlation of about 0.255 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is PAHC positively correlated with other stocks?
Mostly yes — 74.4% of pairs are positive and 25.6% are negative. Strong positive correlations (≥0.7) make up 9.2%.
What is the most common correlation range for PAHC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.4% of all pairs.
Explore the full interactive correlation distribution for PAHC.
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