X axis : Stocks Price Correlation Coefficient
Y axis : Quantity of stocks
1,000 Day Parameter
3,025 NASDAQ Stocks Price
Analysis
This stock mode of correlation coefficient is -0.4
In other words, the correlation coefficient of the other stocks is the many levels -0.4
Kurtosis of the distribution of the correlation is -1.02, and skew is 0.5
Correlation Histogram Type Description
Zero Correlation Histogram
- The stock pair is concentrated in the correlation coefficient zero.
- Case the diversification, Zero type will Overweight of the portfolio.
- And, Zero type are often low volatility.
Type A Correlation Histogram
- The stock pair is concentrated in the plus high correlation coefficient and minus high correlation coefficient.
- The A type will underweight of the portfolio.
- This is not a normal distribution.
Type B Correlation Histogram
- The stock pair is concentrated in the plus high correlation coefficient.
- The B type will underweight of the portfolio.
- This is not a normal distribution.
Type C Correlation Histogram
- The stock pair is concentrated in the minus high correlation coefficient.
- The C type will underweight of the portfolio.
- This is not a normal distribution.
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