Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) (YMM) Correlation Distribution
Across 6,806 rolling correlation observations between Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) (YMM) and other NASDAQ-listed stocks, 75.2% are positive and 24.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.263, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10% and strong negative correlations (≤−0.7) for 0.7%.
- Total observations
- 6,806
- Mean correlation
- 0.263
- Most common range
- 0.5 to 0.6
- Positive pairs
- 75.2%
- Strong positive (≥0.7)
- 10%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 23 | 0.3% | |
| -0.8 to -0.7 | 22 | 0.3% | |
| -0.7 to -0.6 | 115 | 1.7% | |
| -0.6 to -0.5 | 115 | 1.7% | |
| -0.5 to -0.4 | 210 | 3.1% | |
| -0.4 to -0.3 | 210 | 3.1% | |
| -0.3 to -0.2 | 286 | 4.2% | |
| -0.2 to -0.1 | 286 | 4.2% | |
| -0.1 to 0.0 | 422 | 6.2% | |
| 0.0 to 0.1 | 421 | 6.2% | |
| 0.1 to 0.2 | 570 | 8.4% | |
| 0.2 to 0.3 | 569 | 8.4% | |
| 0.3 to 0.4 | 638 | 9.4% | |
| 0.4 to 0.5 | 637 | 9.4% | |
| 0.5 to 0.6 | 802 | 11.8% | |
| 0.6 to 0.7 | 801 | 11.8% | |
| 0.7 to 0.8 | 336 | 4.9% | |
| 0.8 to 0.9 | 336 | 4.9% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of YMM?
Full Truck Alliance Co. Ltd. American Depositary Shares (each representing 20 Class A Ordinary Shares) (YMM) has an average correlation of about 0.263 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is YMM positively correlated with other stocks?
Mostly yes — 75.2% of pairs are positive and 24.8% are negative. Strong positive correlations (≥0.7) make up 10%.
What is the most common correlation range for YMM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 37.5% of all pairs.
Explore the full interactive correlation distribution for YMM.
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