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Correlations Analysis

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Source
List Type
2.61 0.01 (0.57%) 09/04/2026
Avalon Holdings Corporation (AWX)
Showing Correlations for up to two years. To view all data, Upgrade to PRO plan!
Found large sets of symbols. Showing 25 symbols.

Correlation Analytics

AWX vs 19 instruments · 05 Sep 2024 – 05 Sep 2026 · Daily returns
Average correlation by asset class
Equity Indices
0.00
19 instruments
Key Observations
  • Nothing in this set moves strongly with AWX: the highest is $GSPTSE at only r = 0.09 — its day-to-day moves are largely its own.
  • $N225 is effectively uncorrelated (r = -0.06), the best diversifier against AWX here.
  • Across the set (all Equity Indices), average correlation to AWX is 0.00.
  • Correlation to $N225 is rising (3M r = 0.21 vs 1Y -0.11) — they have been moving together more lately.
  • Overall, AWX is largely idiosyncratic versus this set (avg |r| = 0.03) — its moves are mostly stock-specific.
  • Versus $GSPTSE, Pearson r and Spearman ρ agree (0.09 vs 0.06), so the relationship is broadly linear and the β is dependable.
  • AWX and $GSPTSE move contemporaneously (correlation is strongest same-day) — no usable lead-lag timing within ±3 days.
  • Correlation to $GSPTSE is stable across volatility regimes (r ≈ 0.09 calm vs 0.03 high-VIX).
Derived from the figures below · point-in-time over the selected window · not investment advice.
By instrument · correlation across windows, with sensitivity
SymbolName1M3M6M1YTrendβ
$GSPTSES&P TSX Composite Index (Canada)-0.000.160.040.130.530.01
$DJIDow Jones Industrial Average0.030.160.110.070.320.00
$N225Nikkei 225 Index0.260.210.11-0.11-0.180.00
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β and R² computed over the full selected window vs each instrument · window correlations use common trading days only · ▲/▼ = recent (3M) vs longer-term (1Y) correlation · not investment advice.

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