Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares (ZH) Correlation Distribution
Across 6,806 rolling correlation observations between Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares (ZH) and other NASDAQ-listed stocks, 72.1% are positive and 27.9% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.366, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.4% and strong negative correlations (≤−0.7) for 2.8%.
- Total observations
- 6,806
- Mean correlation
- 0.366
- Most common range
- 0.9 to 1.0
- Positive pairs
- 72.1%
- Strong positive (≥0.7)
- 41.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 93 | 1.4% | |
| -0.8 to -0.7 | 92 | 1.4% | |
| -0.7 to -0.6 | 275 | 4.0% | |
| -0.6 to -0.5 | 274 | 4.0% | |
| -0.5 to -0.4 | 280 | 4.1% | |
| -0.4 to -0.3 | 280 | 4.1% | |
| -0.3 to -0.2 | 196 | 2.9% | |
| -0.2 to -0.1 | 196 | 2.9% | |
| -0.1 to 0.0 | 207 | 3.0% | |
| 0.0 to 0.1 | 207 | 3.0% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 198 | 2.9% | |
| 0.3 to 0.4 | 283 | 4.2% | |
| 0.4 to 0.5 | 283 | 4.2% | |
| 0.5 to 0.6 | 462 | 6.8% | |
| 0.6 to 0.7 | 462 | 6.8% | |
| 0.7 to 0.8 | 872 | 12.8% | |
| 0.8 to 0.9 | 872 | 12.8% | |
| 0.9 to 1.0 | 1,073 | 15.8% |
Frequently asked questions
What is the average correlation of ZH?
Zhihu Inc. American Depositary Shares, each representing three (3) Class A Ordinary Shares (ZH) has an average correlation of about 0.366 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is ZH positively correlated with other stocks?
Mostly yes — 72.1% of pairs are positive and 27.9% are negative. Strong positive correlations (≥0.7) make up 41.4%.
What is the most common correlation range for ZH?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 17.7% of all pairs.
Explore the full interactive correlation distribution for ZH.
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