Sanmina Corp (SANM) Correlation Distribution
Across 6,809 rolling correlation observations between Sanmina Corp (SANM) and other NASDAQ-listed stocks, 37.8% are positive and 62.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.137, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 17.8%.
- Total observations
- 6,809
- Mean correlation
- -0.137
- Most common range
- -0.7 to -0.6
- Positive pairs
- 37.8%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Printed Circuit Boards
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 3 | 0.0% | |
| -0.9 to -0.8 | 606 | 8.9% | |
| -0.8 to -0.7 | 606 | 8.9% | |
| -0.7 to -0.6 | 805 | 11.8% | |
| -0.6 to -0.5 | 805 | 11.8% | |
| -0.5 to -0.4 | 355 | 5.2% | |
| -0.4 to -0.3 | 354 | 5.2% | |
| -0.3 to -0.2 | 243 | 3.6% | |
| -0.2 to -0.1 | 242 | 3.6% | |
| -0.1 to 0.0 | 217 | 3.2% | |
| 0.0 to 0.1 | 216 | 3.2% | |
| 0.1 to 0.2 | 188 | 2.8% | |
| 0.2 to 0.3 | 188 | 2.8% | |
| 0.3 to 0.4 | 215 | 3.2% | |
| 0.4 to 0.5 | 214 | 3.1% | |
| 0.5 to 0.6 | 292 | 4.3% | |
| 0.6 to 0.7 | 291 | 4.3% | |
| 0.7 to 0.8 | 428 | 6.3% | |
| 0.8 to 0.9 | 427 | 6.3% | |
| 0.9 to 1.0 | 114 | 1.7% |
Frequently asked questions
What is the average correlation of SANM?
Sanmina Corp (SANM) has an average correlation of about -0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SANM positively correlated with other stocks?
Not predominantly — 37.8% of pairs are positive and 62.2% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for SANM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 19% of all pairs.
Explore the full interactive correlation distribution for SANM.
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