Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH) Correlation Distribution
Across 6,806 rolling correlation observations between Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.205, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,806
- Mean correlation
- 0.205
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 8.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 77 | 1.1% | |
| -0.6 to -0.5 | 77 | 1.1% | |
| -0.5 to -0.4 | 406 | 6.0% | |
| -0.4 to -0.3 | 405 | 6.0% | |
| -0.3 to -0.2 | 441 | 6.5% | |
| -0.2 to -0.1 | 441 | 6.5% | |
| -0.1 to 0.0 | 416 | 6.1% | |
| 0.0 to 0.1 | 416 | 6.1% | |
| 0.1 to 0.2 | 439 | 6.5% | |
| 0.2 to 0.3 | 439 | 6.5% | |
| 0.3 to 0.4 | 589 | 8.7% | |
| 0.4 to 0.5 | 589 | 8.7% | |
| 0.5 to 0.6 | 732 | 10.8% | |
| 0.6 to 0.7 | 732 | 10.8% | |
| 0.7 to 0.8 | 288 | 4.2% | |
| 0.8 to 0.9 | 287 | 4.2% | |
| 0.9 to 1.0 | 17 | 0.2% |
Frequently asked questions
What is the average correlation of WDH?
Waterdrop Inc. American Depositary Shares (each representing the right to receive 10 Class A Ordinary Shares) (WDH) has an average correlation of about 0.205 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is WDH positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for WDH?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.1% of all pairs.
Explore the full interactive correlation distribution for WDH.
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