Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA) Correlation Distribution
Across 6,806 rolling correlation observations between Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.319, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 30.8% and strong negative correlations (≤−0.7) for 0.9%.
- Total observations
- 6,806
- Mean correlation
- 0.319
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 30.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 30 | 0.4% | |
| -0.8 to -0.7 | 29 | 0.4% | |
| -0.7 to -0.6 | 138 | 2.0% | |
| -0.6 to -0.5 | 138 | 2.0% | |
| -0.5 to -0.4 | 334 | 4.9% | |
| -0.4 to -0.3 | 333 | 4.9% | |
| -0.3 to -0.2 | 369 | 5.4% | |
| -0.2 to -0.1 | 369 | 5.4% | |
| -0.1 to 0.0 | 288 | 4.2% | |
| 0.0 to 0.1 | 287 | 4.2% | |
| 0.1 to 0.2 | 289 | 4.2% | |
| 0.2 to 0.3 | 288 | 4.2% | |
| 0.3 to 0.4 | 376 | 5.5% | |
| 0.4 to 0.5 | 375 | 5.5% | |
| 0.5 to 0.6 | 534 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 835 | 12.3% | |
| 0.8 to 0.9 | 835 | 12.3% | |
| 0.9 to 1.0 | 426 | 6.3% |
Frequently asked questions
What is the average correlation of TUYA?
Tuya Inc. American Depositary Shares, each representing one Class A Ordinary Share (TUYA) has an average correlation of about 0.319 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is TUYA positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 30.8%.
What is the most common correlation range for TUYA?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for TUYA.
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