ZK International Group Co., Ltd Ordinary Share (ZKIN) Correlation Distribution
Across 6,809 rolling correlation observations between ZK International Group Co., Ltd Ordinary Share (ZKIN) and other NASDAQ-listed stocks, 70.6% are positive and 29.4% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.298, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24.4% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.298
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.6%
- Strong positive (≥0.7)
- 24.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 16 | 0.2% | |
| -0.8 to -0.7 | 15 | 0.2% | |
| -0.7 to -0.6 | 191 | 2.8% | |
| -0.6 to -0.5 | 190 | 2.8% | |
| -0.5 to -0.4 | 374 | 5.5% | |
| -0.4 to -0.3 | 374 | 5.5% | |
| -0.3 to -0.2 | 285 | 4.2% | |
| -0.2 to -0.1 | 284 | 4.2% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 282 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 408 | 6.0% | |
| 0.4 to 0.5 | 408 | 6.0% | |
| 0.5 to 0.6 | 749 | 11.0% | |
| 0.6 to 0.7 | 748 | 11.0% | |
| 0.7 to 0.8 | 736 | 10.8% | |
| 0.8 to 0.9 | 736 | 10.8% | |
| 0.9 to 1.0 | 189 | 2.8% |
Frequently asked questions
What is the average correlation of ZKIN?
ZK International Group Co., Ltd Ordinary Share (ZKIN) has an average correlation of about 0.298 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is ZKIN positively correlated with other stocks?
Mostly yes — 70.6% of pairs are positive and 29.4% are negative. Strong positive correlations (≥0.7) make up 24.4%.
What is the most common correlation range for ZKIN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for ZKIN.
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