Boston Beer Company (SAM) Correlation Distribution
Across 6,809 rolling correlation observations between Boston Beer Company (SAM) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.232, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.8% and strong negative correlations (≤−0.7) for 4%.
- Total observations
- 6,809
- Mean correlation
- 0.232
- Most common range
- 0.7 to 0.8
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 28.8%
- Sector
- Malt Beverages
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 137 | 2.0% | |
| -0.8 to -0.7 | 136 | 2.0% | |
| -0.7 to -0.6 | 377 | 5.5% | |
| -0.6 to -0.5 | 376 | 5.5% | |
| -0.5 to -0.4 | 331 | 4.9% | |
| -0.4 to -0.3 | 331 | 4.9% | |
| -0.3 to -0.2 | 236 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 229 | 3.4% | |
| 0.0 to 0.1 | 229 | 3.4% | |
| 0.1 to 0.2 | 244 | 3.6% | |
| 0.2 to 0.3 | 244 | 3.6% | |
| 0.3 to 0.4 | 349 | 5.1% | |
| 0.4 to 0.5 | 348 | 5.1% | |
| 0.5 to 0.6 | 524 | 7.7% | |
| 0.6 to 0.7 | 524 | 7.7% | |
| 0.7 to 0.8 | 862 | 12.7% | |
| 0.8 to 0.9 | 861 | 12.6% | |
| 0.9 to 1.0 | 235 | 3.5% |
Frequently asked questions
What is the average correlation of SAM?
Boston Beer Company (SAM) has an average correlation of about 0.232 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SAM positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 28.8%.
What is the most common correlation range for SAM?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for SAM.
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