Wah Fu Education Group Limited Ordinary Shares (WAFU) Correlation Distribution
Across 6,806 rolling correlation observations between Wah Fu Education Group Limited Ordinary Shares (WAFU) and other NASDAQ-listed stocks, 69.3% are positive and 30.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.304, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.1% and strong negative correlations (≤−0.7) for 2.2%.
- Total observations
- 6,806
- Mean correlation
- 0.304
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.3%
- Strong positive (≥0.7)
- 35.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 74 | 1.1% | |
| -0.8 to -0.7 | 74 | 1.1% | |
| -0.7 to -0.6 | 345 | 5.1% | |
| -0.6 to -0.5 | 344 | 5.1% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 233 | 3.4% | |
| -0.1 to 0.0 | 210 | 3.1% | |
| 0.0 to 0.1 | 209 | 3.1% | |
| 0.1 to 0.2 | 227 | 3.3% | |
| 0.2 to 0.3 | 226 | 3.3% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 533 | 7.8% | |
| 0.6 to 0.7 | 533 | 7.8% | |
| 0.7 to 0.8 | 1,053 | 15.5% | |
| 0.8 to 0.9 | 1,052 | 15.5% | |
| 0.9 to 1.0 | 284 | 4.2% |
Frequently asked questions
What is the average correlation of WAFU?
Wah Fu Education Group Limited Ordinary Shares (WAFU) has an average correlation of about 0.304 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is WAFU positively correlated with other stocks?
Mostly yes — 69.3% of pairs are positive and 30.7% are negative. Strong positive correlations (≥0.7) make up 35.1%.
What is the most common correlation range for WAFU?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.7% of all pairs.
Explore the full interactive correlation distribution for WAFU.
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