Yunji Inc. American Depository Shares (YJ) Correlation Distribution
Across 6,808 rolling correlation observations between Yunji Inc. American Depository Shares (YJ) and other NASDAQ-listed stocks, 62.5% are positive and 37.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.172, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 25% and strong negative correlations (≤−0.7) for 10.6%.
- Total observations
- 6,808
- Mean correlation
- 0.172
- Most common range
- 0.7 to 0.8
- Positive pairs
- 62.5%
- Strong positive (≥0.7)
- 25%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 48 | 0.7% | |
| -0.9 to -0.8 | 338 | 5.0% | |
| -0.8 to -0.7 | 338 | 5.0% | |
| -0.7 to -0.6 | 358 | 5.3% | |
| -0.6 to -0.5 | 357 | 5.2% | |
| -0.5 to -0.4 | 234 | 3.4% | |
| -0.4 to -0.3 | 233 | 3.4% | |
| -0.3 to -0.2 | 215 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 219 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 243 | 3.6% | |
| 0.2 to 0.3 | 242 | 3.6% | |
| 0.3 to 0.4 | 331 | 4.9% | |
| 0.4 to 0.5 | 330 | 4.8% | |
| 0.5 to 0.6 | 594 | 8.7% | |
| 0.6 to 0.7 | 593 | 8.7% | |
| 0.7 to 0.8 | 773 | 11.4% | |
| 0.8 to 0.9 | 772 | 11.3% | |
| 0.9 to 1.0 | 156 | 2.3% |
Frequently asked questions
What is the average correlation of YJ?
Yunji Inc. American Depository Shares (YJ) has an average correlation of about 0.172 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is YJ positively correlated with other stocks?
Mostly yes — 62.5% of pairs are positive and 37.5% are negative. Strong positive correlations (≥0.7) make up 25%.
What is the most common correlation range for YJ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.9% of all pairs.
Explore the full interactive correlation distribution for YJ.
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