SPRINGBIG HLDGS INC (SBIG) Correlation Distribution
Across 6,638 rolling correlation observations between SPRINGBIG HLDGS INC (SBIG) and other NASDAQ-listed stocks, 57.5% are positive and 42.5% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.128, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 22.8% and strong negative correlations (≤−0.7) for 6.3%.
- Total observations
- 6,638
- Mean correlation
- 0.128
- Most common range
- 0.7 to 0.8
- Positive pairs
- 57.5%
- Strong positive (≥0.7)
- 22.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 209 | 3.1% | |
| -0.8 to -0.7 | 208 | 3.1% | |
| -0.7 to -0.6 | 460 | 6.9% | |
| -0.6 to -0.5 | 459 | 6.9% | |
| -0.5 to -0.4 | 350 | 5.3% | |
| -0.4 to -0.3 | 350 | 5.3% | |
| -0.3 to -0.2 | 263 | 4.0% | |
| -0.2 to -0.1 | 262 | 3.9% | |
| -0.1 to 0.0 | 262 | 3.9% | |
| 0.0 to 0.1 | 261 | 3.9% | |
| 0.1 to 0.2 | 267 | 4.0% | |
| 0.2 to 0.3 | 267 | 4.0% | |
| 0.3 to 0.4 | 339 | 5.1% | |
| 0.4 to 0.5 | 338 | 5.1% | |
| 0.5 to 0.6 | 415 | 6.3% | |
| 0.6 to 0.7 | 415 | 6.3% | |
| 0.7 to 0.8 | 633 | 9.5% | |
| 0.8 to 0.9 | 632 | 9.5% | |
| 0.9 to 1.0 | 248 | 3.7% |
Frequently asked questions
What is the average correlation of SBIG?
SPRINGBIG HLDGS INC (SBIG) has an average correlation of about 0.128 with other NASDAQ stocks, based on 6,638 pairwise observations.
Is SBIG positively correlated with other stocks?
Mostly yes — 57.5% of pairs are positive and 42.5% are negative. Strong positive correlations (≥0.7) make up 22.8%.
What is the most common correlation range for SBIG?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.8% of all pairs.
Explore the full interactive correlation distribution for SBIG.
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