SALEM MEDIA GROUP INC A (SALM) Correlation Distribution
Across 6,809 rolling correlation observations between SALEM MEDIA GROUP INC A (SALM) and other NASDAQ-listed stocks, 70.2% are positive and 29.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.253, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 19.9% and strong negative correlations (≤−0.7) for 3.6%.
- Total observations
- 6,809
- Mean correlation
- 0.253
- Most common range
- 0.5 to 0.6
- Positive pairs
- 70.2%
- Strong positive (≥0.7)
- 19.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 15 | 0.2% | |
| -0.9 to -0.8 | 115 | 1.7% | |
| -0.8 to -0.7 | 114 | 1.7% | |
| -0.7 to -0.6 | 261 | 3.8% | |
| -0.6 to -0.5 | 261 | 3.8% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 231 | 3.4% | |
| -0.2 to -0.1 | 231 | 3.4% | |
| -0.1 to 0.0 | 257 | 3.8% | |
| 0.0 to 0.1 | 257 | 3.8% | |
| 0.1 to 0.2 | 320 | 4.7% | |
| 0.2 to 0.3 | 319 | 4.7% | |
| 0.3 to 0.4 | 495 | 7.3% | |
| 0.4 to 0.5 | 494 | 7.3% | |
| 0.5 to 0.6 | 771 | 11.3% | |
| 0.6 to 0.7 | 770 | 11.3% | |
| 0.7 to 0.8 | 632 | 9.3% | |
| 0.8 to 0.9 | 631 | 9.3% | |
| 0.9 to 1.0 | 91 | 1.3% |
Frequently asked questions
What is the average correlation of SALM?
SALEM MEDIA GROUP INC A (SALM) has an average correlation of about 0.253 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SALM positively correlated with other stocks?
Mostly yes — 70.2% of pairs are positive and 29.8% are negative. Strong positive correlations (≥0.7) make up 19.9%.
What is the most common correlation range for SALM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for SALM.
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