Summit Hotel Properties, Inc. (INN) Correlation Distribution
Across 6,809 rolling correlation observations between Summit Hotel Properties, Inc. (INN) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.299, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.2% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,809
- Mean correlation
- 0.299
- Most common range
- 0.5 to 0.6
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 22.2%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 78 | 1.1% | |
| -0.8 to -0.7 | 78 | 1.1% | |
| -0.7 to -0.6 | 170 | 2.5% | |
| -0.6 to -0.5 | 170 | 2.5% | |
| -0.5 to -0.4 | 299 | 4.4% | |
| -0.4 to -0.3 | 299 | 4.4% | |
| -0.3 to -0.2 | 244 | 3.6% | |
| -0.2 to -0.1 | 244 | 3.6% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 249 | 3.7% | |
| 0.1 to 0.2 | 327 | 4.8% | |
| 0.2 to 0.3 | 326 | 4.8% | |
| 0.3 to 0.4 | 452 | 6.6% | |
| 0.4 to 0.5 | 451 | 6.6% | |
| 0.5 to 0.6 | 832 | 12.2% | |
| 0.6 to 0.7 | 831 | 12.2% | |
| 0.7 to 0.8 | 747 | 11.0% | |
| 0.8 to 0.9 | 747 | 11.0% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of INN?
Summit Hotel Properties, Inc. (INN) has an average correlation of about 0.299 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is INN positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 22.2%.
What is the most common correlation range for INN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 24.1% of all pairs.
Explore the full interactive correlation distribution for INN.
Open interactive dashboard →