17 Education & Technology Group Inc. American Depositary Shares (YQ) Correlation Distribution
Across 6,808 rolling correlation observations between 17 Education & Technology Group Inc. American Depositary Shares (YQ) and other NASDAQ-listed stocks, 66.4% are positive and 33.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.224, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 18.8% and strong negative correlations (≤−0.7) for 2.5%.
- Total observations
- 6,808
- Mean correlation
- 0.224
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.4%
- Strong positive (≥0.7)
- 18.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 86 | 1.3% | |
| -0.8 to -0.7 | 86 | 1.3% | |
| -0.7 to -0.6 | 220 | 3.2% | |
| -0.6 to -0.5 | 219 | 3.2% | |
| -0.5 to -0.4 | 384 | 5.6% | |
| -0.4 to -0.3 | 384 | 5.6% | |
| -0.3 to -0.2 | 316 | 4.6% | |
| -0.2 to -0.1 | 316 | 4.6% | |
| -0.1 to 0.0 | 277 | 4.1% | |
| 0.0 to 0.1 | 276 | 4.1% | |
| 0.1 to 0.2 | 340 | 5.0% | |
| 0.2 to 0.3 | 339 | 5.0% | |
| 0.3 to 0.4 | 472 | 6.9% | |
| 0.4 to 0.5 | 471 | 6.9% | |
| 0.5 to 0.6 | 671 | 9.9% | |
| 0.6 to 0.7 | 671 | 9.9% | |
| 0.7 to 0.8 | 588 | 8.6% | |
| 0.8 to 0.9 | 587 | 8.6% | |
| 0.9 to 1.0 | 105 | 1.5% |
Frequently asked questions
What is the average correlation of YQ?
17 Education & Technology Group Inc. American Depositary Shares (YQ) has an average correlation of about 0.224 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is YQ positively correlated with other stocks?
Mostly yes — 66.4% of pairs are positive and 33.6% are negative. Strong positive correlations (≥0.7) make up 18.8%.
What is the most common correlation range for YQ?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 27.4% of all pairs.
Explore the full interactive correlation distribution for YQ.
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