Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share (QD) Correlation Distribution
Across 6,809 rolling correlation observations between Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share (QD) and other NASDAQ-listed stocks, 50.9% are positive and 49.1% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 1.9%.
- Total observations
- 6,809
- Mean correlation
- 0.033
- Most common range
- -0.1 to 0.0
- Positive pairs
- 50.9%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 66 | 1.0% | |
| -0.8 to -0.7 | 65 | 1.0% | |
| -0.7 to -0.6 | 265 | 3.9% | |
| -0.6 to -0.5 | 264 | 3.9% | |
| -0.5 to -0.4 | 422 | 6.2% | |
| -0.4 to -0.3 | 422 | 6.2% | |
| -0.3 to -0.2 | 589 | 8.7% | |
| -0.2 to -0.1 | 589 | 8.7% | |
| -0.1 to 0.0 | 658 | 9.7% | |
| 0.0 to 0.1 | 658 | 9.7% | |
| 0.1 to 0.2 | 449 | 6.6% | |
| 0.2 to 0.3 | 449 | 6.6% | |
| 0.3 to 0.4 | 411 | 6.0% | |
| 0.4 to 0.5 | 411 | 6.0% | |
| 0.5 to 0.6 | 402 | 5.9% | |
| 0.6 to 0.7 | 402 | 5.9% | |
| 0.7 to 0.8 | 143 | 2.1% | |
| 0.8 to 0.9 | 142 | 2.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of QD?
Qudian Inc. American Depositary Shares, each representing one Class A Ordinary Share (QD) has an average correlation of about 0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is QD positively correlated with other stocks?
Mostly yes — 50.9% of pairs are positive and 49.1% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for QD?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 49.8% of all pairs.
Explore the full interactive correlation distribution for QD.
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