Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares (YSG) Correlation Distribution
Across 6,808 rolling correlation observations between Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares (YSG) and other NASDAQ-listed stocks, 66.7% are positive and 33.3% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.242, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.2% and strong negative correlations (≤−0.7) for 1.8%.
- Total observations
- 6,808
- Mean correlation
- 0.242
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.7%
- Strong positive (≥0.7)
- 22.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 246 | 3.6% | |
| -0.6 to -0.5 | 246 | 3.6% | |
| -0.5 to -0.4 | 380 | 5.6% | |
| -0.4 to -0.3 | 380 | 5.6% | |
| -0.3 to -0.2 | 298 | 4.4% | |
| -0.2 to -0.1 | 297 | 4.4% | |
| -0.1 to 0.0 | 296 | 4.3% | |
| 0.0 to 0.1 | 295 | 4.3% | |
| 0.1 to 0.2 | 319 | 4.7% | |
| 0.2 to 0.3 | 318 | 4.7% | |
| 0.3 to 0.4 | 442 | 6.5% | |
| 0.4 to 0.5 | 441 | 6.5% | |
| 0.5 to 0.6 | 610 | 9.0% | |
| 0.6 to 0.7 | 609 | 8.9% | |
| 0.7 to 0.8 | 591 | 8.7% | |
| 0.8 to 0.9 | 590 | 8.7% | |
| 0.9 to 1.0 | 327 | 4.8% |
Frequently asked questions
What is the average correlation of YSG?
Yatsen Holding Limited American Depositary Shares, each representing twenty (20) Class A Ordinary Shares (YSG) has an average correlation of about 0.242 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is YSG positively correlated with other stocks?
Mostly yes — 66.7% of pairs are positive and 33.3% are negative. Strong positive correlations (≥0.7) make up 22.2%.
What is the most common correlation range for YSG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 26.8% of all pairs.
Explore the full interactive correlation distribution for YSG.
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