SAP SE (SAP) Correlation Distribution
Across 6,809 rolling correlation observations between SAP SE (SAP) and other NASDAQ-listed stocks, 42.9% are positive and 57.1% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.011, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12.1% and strong negative correlations (≤−0.7) for 5.1%.
- Total observations
- 6,809
- Mean correlation
- -0.011
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42.9%
- Strong positive (≥0.7)
- 12.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 171 | 2.5% | |
| -0.8 to -0.7 | 171 | 2.5% | |
| -0.7 to -0.6 | 365 | 5.4% | |
| -0.6 to -0.5 | 365 | 5.4% | |
| -0.5 to -0.4 | 620 | 9.1% | |
| -0.4 to -0.3 | 620 | 9.1% | |
| -0.3 to -0.2 | 620 | 9.1% | |
| -0.2 to -0.1 | 619 | 9.1% | |
| -0.1 to 0.0 | 334 | 4.9% | |
| 0.0 to 0.1 | 334 | 4.9% | |
| 0.1 to 0.2 | 294 | 4.3% | |
| 0.2 to 0.3 | 293 | 4.3% | |
| 0.3 to 0.4 | 297 | 4.4% | |
| 0.4 to 0.5 | 296 | 4.3% | |
| 0.5 to 0.6 | 290 | 4.3% | |
| 0.6 to 0.7 | 289 | 4.2% | |
| 0.7 to 0.8 | 339 | 5.0% | |
| 0.8 to 0.9 | 339 | 5.0% | |
| 0.9 to 1.0 | 147 | 2.2% |
Frequently asked questions
What is the average correlation of SAP?
SAP SE (SAP) has an average correlation of about -0.011 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SAP positively correlated with other stocks?
Not predominantly — 42.9% of pairs are positive and 57.1% are negative. Strong positive correlations (≥0.7) make up 12.1%.
What is the most common correlation range for SAP?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 36.6% of all pairs.
Explore the full interactive correlation distribution for SAP.
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