SAMA (SAMA) Correlation Distribution
Across 5,591 rolling correlation observations between SAMA (SAMA) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.092, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 1% and strong negative correlations (≤−0.7) for 4.5%.
- Total observations
- 5,591
- Mean correlation
- -0.092
- Most common range
- -0.3 to -0.2
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 10 | 0.2% | |
| -0.9 to -0.8 | 121 | 2.2% | |
| -0.8 to -0.7 | 121 | 2.2% | |
| -0.7 to -0.6 | 177 | 3.2% | |
| -0.6 to -0.5 | 177 | 3.2% | |
| -0.5 to -0.4 | 471 | 8.4% | |
| -0.4 to -0.3 | 470 | 8.4% | |
| -0.3 to -0.2 | 641 | 11.5% | |
| -0.2 to -0.1 | 640 | 11.4% | |
| -0.1 to 0.0 | 520 | 9.3% | |
| 0.0 to 0.1 | 520 | 9.3% | |
| 0.1 to 0.2 | 514 | 9.2% | |
| 0.2 to 0.3 | 514 | 9.2% | |
| 0.3 to 0.4 | 257 | 4.6% | |
| 0.4 to 0.5 | 257 | 4.6% | |
| 0.5 to 0.6 | 64 | 1.1% | |
| 0.6 to 0.7 | 63 | 1.1% | |
| 0.7 to 0.8 | 18 | 0.3% | |
| 0.8 to 0.9 | 18 | 0.3% | |
| 0.9 to 1.0 | 18 | 0.3% |
Frequently asked questions
What is the average correlation of SAMA?
SAMA (SAMA) has an average correlation of about -0.092 with other NASDAQ stocks, based on 5,591 pairwise observations.
Is SAMA positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 1%.
What is the most common correlation range for SAMA?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 59.9% of all pairs.
Explore the full interactive correlation distribution for SAMA.
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