XP Inc. Class A Common Stock (XP) Correlation Distribution
Across 6,809 rolling correlation observations between XP Inc. Class A Common Stock (XP) and other NASDAQ-listed stocks, 64.2% are positive and 35.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.22, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.4% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 6,809
- Mean correlation
- 0.22
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.2%
- Strong positive (≥0.7)
- 27.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 152 | 2.2% | |
| -0.8 to -0.7 | 152 | 2.2% | |
| -0.7 to -0.6 | 322 | 4.7% | |
| -0.6 to -0.5 | 322 | 4.7% | |
| -0.5 to -0.4 | 299 | 4.4% | |
| -0.4 to -0.3 | 298 | 4.4% | |
| -0.3 to -0.2 | 308 | 4.5% | |
| -0.2 to -0.1 | 307 | 4.5% | |
| -0.1 to 0.0 | 278 | 4.1% | |
| 0.0 to 0.1 | 278 | 4.1% | |
| 0.1 to 0.2 | 266 | 3.9% | |
| 0.2 to 0.3 | 266 | 3.9% | |
| 0.3 to 0.4 | 332 | 4.9% | |
| 0.4 to 0.5 | 331 | 4.9% | |
| 0.5 to 0.6 | 515 | 7.6% | |
| 0.6 to 0.7 | 515 | 7.6% | |
| 0.7 to 0.8 | 896 | 13.2% | |
| 0.8 to 0.9 | 895 | 13.1% | |
| 0.9 to 1.0 | 74 | 1.1% |
Frequently asked questions
What is the average correlation of XP?
XP Inc. Class A Common Stock (XP) has an average correlation of about 0.22 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is XP positively correlated with other stocks?
Mostly yes — 64.2% of pairs are positive and 35.8% are negative. Strong positive correlations (≥0.7) make up 27.4%.
What is the most common correlation range for XP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 25% of all pairs.
Explore the full interactive correlation distribution for XP.
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