XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) Correlation Distribution
Across 6,808 rolling correlation observations between XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) and other NASDAQ-listed stocks, 68.9% are positive and 31.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.284, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.8% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,808
- Mean correlation
- 0.284
- Most common range
- 0.7 to 0.8
- Positive pairs
- 68.9%
- Strong positive (≥0.7)
- 28.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 46 | 0.7% | |
| -0.8 to -0.7 | 45 | 0.7% | |
| -0.7 to -0.6 | 279 | 4.1% | |
| -0.6 to -0.5 | 279 | 4.1% | |
| -0.5 to -0.4 | 316 | 4.6% | |
| -0.4 to -0.3 | 315 | 4.6% | |
| -0.3 to -0.2 | 285 | 4.2% | |
| -0.2 to -0.1 | 285 | 4.2% | |
| -0.1 to 0.0 | 264 | 3.9% | |
| 0.0 to 0.1 | 263 | 3.9% | |
| 0.1 to 0.2 | 268 | 3.9% | |
| 0.2 to 0.3 | 267 | 3.9% | |
| 0.3 to 0.4 | 334 | 4.9% | |
| 0.4 to 0.5 | 334 | 4.9% | |
| 0.5 to 0.6 | 635 | 9.3% | |
| 0.6 to 0.7 | 634 | 9.3% | |
| 0.7 to 0.8 | 961 | 14.1% | |
| 0.8 to 0.9 | 960 | 14.1% | |
| 0.9 to 1.0 | 38 | 0.6% |
Frequently asked questions
What is the average correlation of XPEV?
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) has an average correlation of about 0.284 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is XPEV positively correlated with other stocks?
Mostly yes — 68.9% of pairs are positive and 31.1% are negative. Strong positive correlations (≥0.7) make up 28.8%.
What is the most common correlation range for XPEV?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24% of all pairs.
Explore the full interactive correlation distribution for XPEV.
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