Sonic Automotive, Inc. (SAH) Correlation Distribution
Across 6,809 rolling correlation observations between Sonic Automotive, Inc. (SAH) and other NASDAQ-listed stocks, 44.6% are positive and 55.4% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is 0.014, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.4% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,809
- Mean correlation
- 0.014
- Most common range
- -0.5 to -0.4
- Positive pairs
- 44.6%
- Strong positive (≥0.7)
- 11.4%
- Sector
- Retail-Auto Dealers & Gasoline Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 18 | 0.3% | |
| -0.8 to -0.7 | 18 | 0.3% | |
| -0.7 to -0.6 | 372 | 5.5% | |
| -0.6 to -0.5 | 371 | 5.4% | |
| -0.5 to -0.4 | 756 | 11.1% | |
| -0.4 to -0.3 | 755 | 11.1% | |
| -0.3 to -0.2 | 559 | 8.2% | |
| -0.2 to -0.1 | 559 | 8.2% | |
| -0.1 to 0.0 | 367 | 5.4% | |
| 0.0 to 0.1 | 367 | 5.4% | |
| 0.1 to 0.2 | 297 | 4.4% | |
| 0.2 to 0.3 | 296 | 4.3% | |
| 0.3 to 0.4 | 294 | 4.3% | |
| 0.4 to 0.5 | 293 | 4.3% | |
| 0.5 to 0.6 | 356 | 5.2% | |
| 0.6 to 0.7 | 356 | 5.2% | |
| 0.7 to 0.8 | 388 | 5.7% | |
| 0.8 to 0.9 | 387 | 5.7% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SAH?
Sonic Automotive, Inc. (SAH) has an average correlation of about 0.014 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SAH positively correlated with other stocks?
Not predominantly — 44.6% of pairs are positive and 55.4% are negative. Strong positive correlations (≥0.7) make up 11.4%.
What is the most common correlation range for SAH?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 35.9% of all pairs.
Explore the full interactive correlation distribution for SAH.
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