Xinyuan Real Estate Co. LTD. American Depositary Shares (each Representing twenty Common Shares) (XIN) Correlation Distribution
Across 6,808 rolling correlation observations between Xinyuan Real Estate Co. LTD. American Depositary Shares (each Representing twenty Common Shares) (XIN) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.255, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.5% and strong negative correlations (≤−0.7) for 5.9%.
- Total observations
- 6,808
- Mean correlation
- 0.255
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 33.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 197 | 2.9% | |
| -0.8 to -0.7 | 196 | 2.9% | |
| -0.7 to -0.6 | 345 | 5.1% | |
| -0.6 to -0.5 | 344 | 5.1% | |
| -0.5 to -0.4 | 266 | 3.9% | |
| -0.4 to -0.3 | 265 | 3.9% | |
| -0.3 to -0.2 | 234 | 3.4% | |
| -0.2 to -0.1 | 234 | 3.4% | |
| -0.1 to 0.0 | 231 | 3.4% | |
| 0.0 to 0.1 | 230 | 3.4% | |
| 0.1 to 0.2 | 237 | 3.5% | |
| 0.2 to 0.3 | 236 | 3.5% | |
| 0.3 to 0.4 | 289 | 4.2% | |
| 0.4 to 0.5 | 288 | 4.2% | |
| 0.5 to 0.6 | 466 | 6.8% | |
| 0.6 to 0.7 | 465 | 6.8% | |
| 0.7 to 0.8 | 906 | 13.3% | |
| 0.8 to 0.9 | 906 | 13.3% | |
| 0.9 to 1.0 | 467 | 6.9% |
Frequently asked questions
What is the average correlation of XIN?
Xinyuan Real Estate Co. LTD. American Depositary Shares (each Representing twenty Common Shares) (XIN) has an average correlation of about 0.255 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is XIN positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 33.5%.
What is the most common correlation range for XIN?
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 XIN.
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