Sinclair, Inc. Class A Common Stock (SBGI) Correlation Distribution
Across 6,809 rolling correlation observations between Sinclair, Inc. Class A Common Stock (SBGI) and other NASDAQ-listed stocks, 70.3% are positive and 29.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.308, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 35.7% and strong negative correlations (≤−0.7) for 3.4%.
- Total observations
- 6,809
- Mean correlation
- 0.308
- Most common range
- 0.7 to 0.8
- Positive pairs
- 70.3%
- Strong positive (≥0.7)
- 35.7%
- Sector
- Television Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 116 | 1.7% | |
| -0.8 to -0.7 | 116 | 1.7% | |
| -0.7 to -0.6 | 283 | 4.2% | |
| -0.6 to -0.5 | 282 | 4.1% | |
| -0.5 to -0.4 | 268 | 3.9% | |
| -0.4 to -0.3 | 268 | 3.9% | |
| -0.3 to -0.2 | 230 | 3.4% | |
| -0.2 to -0.1 | 230 | 3.4% | |
| -0.1 to 0.0 | 226 | 3.3% | |
| 0.0 to 0.1 | 225 | 3.3% | |
| 0.1 to 0.2 | 253 | 3.7% | |
| 0.2 to 0.3 | 253 | 3.7% | |
| 0.3 to 0.4 | 287 | 4.2% | |
| 0.4 to 0.5 | 287 | 4.2% | |
| 0.5 to 0.6 | 527 | 7.7% | |
| 0.6 to 0.7 | 526 | 7.7% | |
| 0.7 to 0.8 | 1,140 | 16.7% | |
| 0.8 to 0.9 | 1,139 | 16.7% | |
| 0.9 to 1.0 | 153 | 2.2% |
Frequently asked questions
What is the average correlation of SBGI?
Sinclair, Inc. Class A Common Stock (SBGI) has an average correlation of about 0.308 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SBGI positively correlated with other stocks?
Mostly yes — 70.3% of pairs are positive and 29.7% are negative. Strong positive correlations (≥0.7) make up 35.7%.
What is the most common correlation range for SBGI?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for SBGI.
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