Snow Lake Resources Ltd. Common Shares (LITM) Correlation Distribution
Across 6,793 rolling correlation observations between Snow Lake Resources Ltd. Common Shares (LITM) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.266, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.7% and strong negative correlations (≤−0.7) for 4.7%.
- Total observations
- 6,793
- Mean correlation
- 0.266
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 33.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 158 | 2.3% | |
| -0.8 to -0.7 | 158 | 2.3% | |
| -0.7 to -0.6 | 375 | 5.5% | |
| -0.6 to -0.5 | 374 | 5.5% | |
| -0.5 to -0.4 | 269 | 4.0% | |
| -0.4 to -0.3 | 269 | 4.0% | |
| -0.3 to -0.2 | 209 | 3.1% | |
| -0.2 to -0.1 | 208 | 3.1% | |
| -0.1 to 0.0 | 204 | 3.0% | |
| 0.0 to 0.1 | 203 | 3.0% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 301 | 4.4% | |
| 0.4 to 0.5 | 301 | 4.4% | |
| 0.5 to 0.6 | 519 | 7.6% | |
| 0.6 to 0.7 | 518 | 7.6% | |
| 0.7 to 0.8 | 1,040 | 15.3% | |
| 0.8 to 0.9 | 1,040 | 15.3% | |
| 0.9 to 1.0 | 208 | 3.1% |
Frequently asked questions
What is the average correlation of LITM?
Snow Lake Resources Ltd. Common Shares (LITM) has an average correlation of about 0.266 with other NASDAQ stocks, based on 6,793 pairwise observations.
Is LITM positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 33.7%.
What is the most common correlation range for LITM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.6% of all pairs.
Explore the full interactive correlation distribution for LITM.
Open interactive dashboard →