SBA Communications Corp (SBAC) Correlation Distribution
Across 6,809 rolling correlation observations between SBA Communications Corp (SBAC) and other NASDAQ-listed stocks, 67.4% are positive and 32.6% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.203, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 16.5% and strong negative correlations (≤−0.7) for 5.8%.
- Total observations
- 6,809
- Mean correlation
- 0.203
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.4%
- Strong positive (≥0.7)
- 16.5%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 11 | 0.2% | |
| -0.9 to -0.8 | 193 | 2.8% | |
| -0.8 to -0.7 | 192 | 2.8% | |
| -0.7 to -0.6 | 316 | 4.6% | |
| -0.6 to -0.5 | 316 | 4.6% | |
| -0.5 to -0.4 | 241 | 3.5% | |
| -0.4 to -0.3 | 241 | 3.5% | |
| -0.3 to -0.2 | 235 | 3.5% | |
| -0.2 to -0.1 | 235 | 3.5% | |
| -0.1 to 0.0 | 241 | 3.5% | |
| 0.0 to 0.1 | 241 | 3.5% | |
| 0.1 to 0.2 | 334 | 4.9% | |
| 0.2 to 0.3 | 334 | 4.9% | |
| 0.3 to 0.4 | 512 | 7.5% | |
| 0.4 to 0.5 | 511 | 7.5% | |
| 0.5 to 0.6 | 767 | 11.3% | |
| 0.6 to 0.7 | 766 | 11.2% | |
| 0.7 to 0.8 | 547 | 8.0% | |
| 0.8 to 0.9 | 547 | 8.0% | |
| 0.9 to 1.0 | 29 | 0.4% |
Frequently asked questions
What is the average correlation of SBAC?
SBA Communications Corp (SBAC) has an average correlation of about 0.203 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SBAC positively correlated with other stocks?
Mostly yes — 67.4% of pairs are positive and 32.6% are negative. Strong positive correlations (≥0.7) make up 16.5%.
What is the most common correlation range for SBAC?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for SBAC.
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