Saia, Inc. (SAIA) Correlation Distribution
Across 6,809 rolling correlation observations between Saia, Inc. (SAIA) and other NASDAQ-listed stocks, 40.2% are positive and 59.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.063, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 11.2% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- -0.063
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.2%
- Strong positive (≥0.7)
- 11.2%
- Sector
- Trucking (No Local)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 122 | 1.8% | |
| -0.8 to -0.7 | 122 | 1.8% | |
| -0.7 to -0.6 | 734 | 10.8% | |
| -0.6 to -0.5 | 733 | 10.8% | |
| -0.5 to -0.4 | 660 | 9.7% | |
| -0.4 to -0.3 | 659 | 9.7% | |
| -0.3 to -0.2 | 387 | 5.7% | |
| -0.2 to -0.1 | 386 | 5.7% | |
| -0.1 to 0.0 | 272 | 4.0% | |
| 0.0 to 0.1 | 271 | 4.0% | |
| 0.1 to 0.2 | 249 | 3.7% | |
| 0.2 to 0.3 | 249 | 3.7% | |
| 0.3 to 0.4 | 260 | 3.8% | |
| 0.4 to 0.5 | 260 | 3.8% | |
| 0.5 to 0.6 | 341 | 5.0% | |
| 0.6 to 0.7 | 341 | 5.0% | |
| 0.7 to 0.8 | 373 | 5.5% | |
| 0.8 to 0.9 | 372 | 5.5% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of SAIA?
Saia, Inc. (SAIA) has an average correlation of about -0.063 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SAIA positively correlated with other stocks?
Not predominantly — 40.2% of pairs are positive and 59.8% are negative. Strong positive correlations (≥0.7) make up 11.2%.
What is the most common correlation range for SAIA?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 26.6% of all pairs.
Explore the full interactive correlation distribution for SAIA.
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