SAGA (SAGA) Correlation Distribution
Across 5,480 rolling correlation observations between SAGA (SAGA) and other NASDAQ-listed stocks, 33% are positive and 67% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.22, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 10.6% and strong negative correlations (≤−0.7) for 26.1%.
- Total observations
- 5,480
- Mean correlation
- -0.22
- Most common range
- -0.9 to -0.8
- Positive pairs
- 33%
- Strong positive (≥0.7)
- 10.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 81 | 1.5% | |
| -0.9 to -0.8 | 675 | 12.3% | |
| -0.8 to -0.7 | 674 | 12.3% | |
| -0.7 to -0.6 | 529 | 9.7% | |
| -0.6 to -0.5 | 528 | 9.6% | |
| -0.5 to -0.4 | 301 | 5.5% | |
| -0.4 to -0.3 | 301 | 5.5% | |
| -0.3 to -0.2 | 211 | 3.9% | |
| -0.2 to -0.1 | 211 | 3.9% | |
| -0.1 to 0.0 | 161 | 2.9% | |
| 0.0 to 0.1 | 161 | 2.9% | |
| 0.1 to 0.2 | 163 | 3.0% | |
| 0.2 to 0.3 | 162 | 3.0% | |
| 0.3 to 0.4 | 174 | 3.2% | |
| 0.4 to 0.5 | 174 | 3.2% | |
| 0.5 to 0.6 | 197 | 3.6% | |
| 0.6 to 0.7 | 197 | 3.6% | |
| 0.7 to 0.8 | 265 | 4.8% | |
| 0.8 to 0.9 | 265 | 4.8% | |
| 0.9 to 1.0 | 50 | 0.9% |
Frequently asked questions
What is the average correlation of SAGA?
SAGA (SAGA) has an average correlation of about -0.22 with other NASDAQ stocks, based on 5,480 pairwise observations.
Is SAGA positively correlated with other stocks?
Not predominantly — 33% of pairs are positive and 67% are negative. Strong positive correlations (≥0.7) make up 10.6%.
What is the most common correlation range for SAGA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 19.5% of all pairs.
Explore the full interactive correlation distribution for SAGA.
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