Apple (NASDAQ : AAPL) Correlation Histogram

X axis : Stocks Price Correlation Coefficient

Y axis : Quantity of stocks

1,000 Day Parameter

2,830 NASDAQ Stocks Price

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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