ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE) Correlation Distribution
Across 6,806 rolling correlation observations between ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE) and other NASDAQ-listed stocks, 73% are positive and 27% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.348, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 33.6% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,806
- Mean correlation
- 0.348
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73%
- Strong positive (≥0.7)
- 33.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 26 | 0.4% | |
| -0.7 to -0.6 | 164 | 2.4% | |
| -0.6 to -0.5 | 163 | 2.4% | |
| -0.5 to -0.4 | 286 | 4.2% | |
| -0.4 to -0.3 | 286 | 4.2% | |
| -0.3 to -0.2 | 294 | 4.3% | |
| -0.2 to -0.1 | 294 | 4.3% | |
| -0.1 to 0.0 | 301 | 4.4% | |
| 0.0 to 0.1 | 301 | 4.4% | |
| 0.1 to 0.2 | 308 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 369 | 5.4% | |
| 0.4 to 0.5 | 369 | 5.4% | |
| 0.5 to 0.6 | 512 | 7.5% | |
| 0.6 to 0.7 | 512 | 7.5% | |
| 0.7 to 0.8 | 835 | 12.3% | |
| 0.8 to 0.9 | 835 | 12.3% | |
| 0.9 to 1.0 | 617 | 9.1% |
Frequently asked questions
What is the average correlation of RERE?
ATRenew Inc. American Depositary Shares (every three of which representing two Class A ordinary shares) (RERE) has an average correlation of about 0.348 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is RERE positively correlated with other stocks?
Mostly yes — 73% of pairs are positive and 27% are negative. Strong positive correlations (≥0.7) make up 33.6%.
What is the most common correlation range for RERE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 26.5% of all pairs.
Explore the full interactive correlation distribution for RERE.
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