X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF) Correlation Distribution
Across 6,808 rolling correlation observations between X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF) and other NASDAQ-listed stocks, 50% are positive and 50% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.053, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.6% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,808
- Mean correlation
- 0.053
- Most common range
- -0.3 to -0.2
- Positive pairs
- 50%
- Strong positive (≥0.7)
- 4.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 138 | 2.0% | |
| -0.6 to -0.5 | 137 | 2.0% | |
| -0.5 to -0.4 | 427 | 6.3% | |
| -0.4 to -0.3 | 427 | 6.3% | |
| -0.3 to -0.2 | 815 | 12.0% | |
| -0.2 to -0.1 | 814 | 12.0% | |
| -0.1 to 0.0 | 613 | 9.0% | |
| 0.0 to 0.1 | 613 | 9.0% | |
| 0.1 to 0.2 | 432 | 6.3% | |
| 0.2 to 0.3 | 431 | 6.3% | |
| 0.3 to 0.4 | 425 | 6.2% | |
| 0.4 to 0.5 | 424 | 6.2% | |
| 0.5 to 0.6 | 383 | 5.6% | |
| 0.6 to 0.7 | 383 | 5.6% | |
| 0.7 to 0.8 | 154 | 2.3% | |
| 0.8 to 0.9 | 153 | 2.2% | |
| 0.9 to 1.0 | 4 | 0.1% |
Frequently asked questions
What is the average correlation of XYF?
X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF) has an average correlation of about 0.053 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is XYF positively correlated with other stocks?
Mostly yes — 50% of pairs are positive and 50% are negative. Strong positive correlations (≥0.7) make up 4.6%.
What is the most common correlation range for XYF?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 54.6% of all pairs.
Explore the full interactive correlation distribution for XYF.
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