SAITW (SAITW) Correlation Distribution
Across 5,350 rolling correlation observations between SAITW (SAITW) and other NASDAQ-listed stocks, 63.2% are positive and 36.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.155, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 5,350
- Mean correlation
- 0.155
- Most common range
- 0.5 to 0.6
- Positive pairs
- 63.2%
- Strong positive (≥0.7)
- 3.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 149 | 2.8% | |
| -0.6 to -0.5 | 148 | 2.8% | |
| -0.5 to -0.4 | 409 | 7.6% | |
| -0.4 to -0.3 | 409 | 7.6% | |
| -0.3 to -0.2 | 295 | 5.5% | |
| -0.2 to -0.1 | 295 | 5.5% | |
| -0.1 to 0.0 | 260 | 4.9% | |
| 0.0 to 0.1 | 259 | 4.8% | |
| 0.1 to 0.2 | 322 | 6.0% | |
| 0.2 to 0.3 | 321 | 6.0% | |
| 0.3 to 0.4 | 488 | 9.1% | |
| 0.4 to 0.5 | 487 | 9.1% | |
| 0.5 to 0.6 | 668 | 12.5% | |
| 0.6 to 0.7 | 668 | 12.5% | |
| 0.7 to 0.8 | 85 | 1.6% | |
| 0.8 to 0.9 | 84 | 1.6% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SAITW?
SAITW (SAITW) has an average correlation of about 0.155 with other NASDAQ stocks, based on 5,350 pairwise observations.
Is SAITW positively correlated with other stocks?
Mostly yes — 63.2% of pairs are positive and 36.8% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for SAITW?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 32.7% of all pairs.
Explore the full interactive correlation distribution for SAITW.
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