Tantech Holdings Ltd. Common Stock (TANH) Correlation Distribution
Across 6,809 rolling correlation observations between Tantech Holdings Ltd. Common Stock (TANH) and other NASDAQ-listed stocks, 62.9% are positive and 37.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.211, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,809
- Mean correlation
- 0.211
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.9%
- Strong positive (≥0.7)
- 28.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 22 | 0.3% | |
| -0.9 to -0.8 | 204 | 3.0% | |
| -0.8 to -0.7 | 203 | 3.0% | |
| -0.7 to -0.6 | 360 | 5.3% | |
| -0.6 to -0.5 | 359 | 5.3% | |
| -0.5 to -0.4 | 337 | 4.9% | |
| -0.4 to -0.3 | 337 | 4.9% | |
| -0.3 to -0.2 | 241 | 3.5% | |
| -0.2 to -0.1 | 240 | 3.5% | |
| -0.1 to 0.0 | 225 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 238 | 3.5% | |
| 0.2 to 0.3 | 237 | 3.5% | |
| 0.3 to 0.4 | 302 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 506 | 7.4% | |
| 0.6 to 0.7 | 506 | 7.4% | |
| 0.7 to 0.8 | 762 | 11.2% | |
| 0.8 to 0.9 | 762 | 11.2% | |
| 0.9 to 1.0 | 443 | 6.5% |
Frequently asked questions
What is the average correlation of TANH?
Tantech Holdings Ltd. Common Stock (TANH) has an average correlation of about 0.211 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is TANH positively correlated with other stocks?
Mostly yes — 62.9% of pairs are positive and 37.1% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for TANH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.6% of all pairs.
Explore the full interactive correlation distribution for TANH.
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