TH International Limited Ordinary shares (THCH) Correlation Distribution
Across 6,492 rolling correlation observations between TH International Limited Ordinary shares (THCH) and other NASDAQ-listed stocks, 51% are positive and 49% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.034, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 22% and strong negative correlations (≤−0.7) for 16.5%.
- Total observations
- 6,492
- Mean correlation
- 0.034
- Most common range
- 0.7 to 0.8
- Positive pairs
- 51%
- Strong positive (≥0.7)
- 22%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 26 | 0.4% | |
| -0.9 to -0.8 | 523 | 8.1% | |
| -0.8 to -0.7 | 523 | 8.1% | |
| -0.7 to -0.6 | 408 | 6.3% | |
| -0.6 to -0.5 | 407 | 6.3% | |
| -0.5 to -0.4 | 294 | 4.5% | |
| -0.4 to -0.3 | 294 | 4.5% | |
| -0.3 to -0.2 | 249 | 3.8% | |
| -0.2 to -0.1 | 248 | 3.8% | |
| -0.1 to 0.0 | 212 | 3.3% | |
| 0.0 to 0.1 | 212 | 3.3% | |
| 0.1 to 0.2 | 202 | 3.1% | |
| 0.2 to 0.3 | 202 | 3.1% | |
| 0.3 to 0.4 | 248 | 3.8% | |
| 0.4 to 0.5 | 248 | 3.8% | |
| 0.5 to 0.6 | 385 | 5.9% | |
| 0.6 to 0.7 | 385 | 5.9% | |
| 0.7 to 0.8 | 631 | 9.7% | |
| 0.8 to 0.9 | 631 | 9.7% | |
| 0.9 to 1.0 | 164 | 2.5% |
Frequently asked questions
What is the average correlation of THCH?
TH International Limited Ordinary shares (THCH) has an average correlation of about 0.034 with other NASDAQ stocks, based on 6,492 pairwise observations.
Is THCH positively correlated with other stocks?
Mostly yes — 51% of pairs are positive and 49% are negative. Strong positive correlations (≥0.7) make up 22%.
What is the most common correlation range for THCH?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.4% of all pairs.
Explore the full interactive correlation distribution for THCH.
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