Science Applications International Corporation Common Stock (SAIC) Correlation Distribution
Across 6,809 rolling correlation observations between Science Applications International Corporation Common Stock (SAIC) and other NASDAQ-listed stocks, 36.1% are positive and 63.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.149, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 9.8% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,809
- Mean correlation
- -0.149
- Most common range
- -0.7 to -0.6
- Positive pairs
- 36.1%
- Strong positive (≥0.7)
- 9.8%
- Sector
- Services-Computer Integrated Systems Design
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 356 | 5.2% | |
| -0.8 to -0.7 | 355 | 5.2% | |
| -0.7 to -0.6 | 960 | 14.1% | |
| -0.6 to -0.5 | 959 | 14.1% | |
| -0.5 to -0.4 | 466 | 6.8% | |
| -0.4 to -0.3 | 465 | 6.8% | |
| -0.3 to -0.2 | 275 | 4.0% | |
| -0.2 to -0.1 | 274 | 4.0% | |
| -0.1 to 0.0 | 239 | 3.5% | |
| 0.0 to 0.1 | 238 | 3.5% | |
| 0.1 to 0.2 | 230 | 3.4% | |
| 0.2 to 0.3 | 229 | 3.4% | |
| 0.3 to 0.4 | 243 | 3.6% | |
| 0.4 to 0.5 | 243 | 3.6% | |
| 0.5 to 0.6 | 306 | 4.5% | |
| 0.6 to 0.7 | 305 | 4.5% | |
| 0.7 to 0.8 | 323 | 4.7% | |
| 0.8 to 0.9 | 322 | 4.7% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of SAIC?
Science Applications International Corporation Common Stock (SAIC) has an average correlation of about -0.149 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SAIC positively correlated with other stocks?
Not predominantly — 36.1% of pairs are positive and 63.9% are negative. Strong positive correlations (≥0.7) make up 9.8%.
What is the most common correlation range for SAIC?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.8% of all pairs.
Explore the full interactive correlation distribution for SAIC.
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