Sangoma Technologies Corporation Common Shares (SANG) Correlation Distribution
Across 6,718 rolling correlation observations between Sangoma Technologies Corporation Common Shares (SANG) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.309, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 28.2% and strong negative correlations (≤−0.7) for 1%.
- Total observations
- 6,718
- Mean correlation
- 0.309
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 28.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 33 | 0.5% | |
| -0.8 to -0.7 | 33 | 0.5% | |
| -0.7 to -0.6 | 137 | 2.0% | |
| -0.6 to -0.5 | 137 | 2.0% | |
| -0.5 to -0.4 | 259 | 3.9% | |
| -0.4 to -0.3 | 258 | 3.8% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 366 | 5.4% | |
| -0.1 to 0.0 | 348 | 5.2% | |
| 0.0 to 0.1 | 348 | 5.2% | |
| 0.1 to 0.2 | 343 | 5.1% | |
| 0.2 to 0.3 | 342 | 5.1% | |
| 0.3 to 0.4 | 407 | 6.1% | |
| 0.4 to 0.5 | 406 | 6.0% | |
| 0.5 to 0.6 | 519 | 7.7% | |
| 0.6 to 0.7 | 519 | 7.7% | |
| 0.7 to 0.8 | 795 | 11.8% | |
| 0.8 to 0.9 | 794 | 11.8% | |
| 0.9 to 1.0 | 308 | 4.6% |
Frequently asked questions
What is the average correlation of SANG?
Sangoma Technologies Corporation Common Shares (SANG) has an average correlation of about 0.309 with other NASDAQ stocks, based on 6,718 pairwise observations.
Is SANG positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 28.2%.
What is the most common correlation range for SANG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 31.5% of all pairs.
Explore the full interactive correlation distribution for SANG.
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