Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share (STG) Correlation Distribution
Across 6,803 rolling correlation observations between Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share (STG) and other NASDAQ-listed stocks, 49.4% are positive and 50.6% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.012, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,803
- Mean correlation
- 0.012
- Most common range
- -0.3 to -0.2
- Positive pairs
- 49.4%
- Strong positive (≥0.7)
- 4.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 69 | 1.0% | |
| -0.8 to -0.7 | 69 | 1.0% | |
| -0.7 to -0.6 | 309 | 4.5% | |
| -0.6 to -0.5 | 309 | 4.5% | |
| -0.5 to -0.4 | 555 | 8.2% | |
| -0.4 to -0.3 | 554 | 8.1% | |
| -0.3 to -0.2 | 566 | 8.3% | |
| -0.2 to -0.1 | 566 | 8.3% | |
| -0.1 to 0.0 | 447 | 6.6% | |
| 0.0 to 0.1 | 447 | 6.6% | |
| 0.1 to 0.2 | 483 | 7.1% | |
| 0.2 to 0.3 | 482 | 7.1% | |
| 0.3 to 0.4 | 476 | 7.0% | |
| 0.4 to 0.5 | 475 | 7.0% | |
| 0.5 to 0.6 | 345 | 5.1% | |
| 0.6 to 0.7 | 345 | 5.1% | |
| 0.7 to 0.8 | 152 | 2.2% | |
| 0.8 to 0.9 | 152 | 2.2% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of STG?
Sunlands Technology Group, American Depositary Shares, American Depositary Shares, every two (2) ADSs representing one (1) Class A Ordinary Share (STG) has an average correlation of about 0.012 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is STG positively correlated with other stocks?
Not predominantly — 49.4% of pairs are positive and 50.6% are negative. Strong positive correlations (≥0.7) make up 4.5%.
What is the most common correlation range for STG?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 44% of all pairs.
Explore the full interactive correlation distribution for STG.
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