SPRINGBIG HLDGS INC WTS (SBIGW) Correlation Distribution
Across 5,721 rolling correlation observations between SPRINGBIG HLDGS INC WTS (SBIGW) and other NASDAQ-listed stocks, 59.8% are positive and 40.2% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.16, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.3% and strong negative correlations (≤−0.7) for 4.9%.
- Total observations
- 5,721
- Mean correlation
- 0.16
- Most common range
- 0.7 to 0.8
- Positive pairs
- 59.8%
- Strong positive (≥0.7)
- 23.3%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 141 | 2.5% | |
| -0.8 to -0.7 | 141 | 2.5% | |
| -0.7 to -0.6 | 367 | 6.4% | |
| -0.6 to -0.5 | 366 | 6.4% | |
| -0.5 to -0.4 | 294 | 5.1% | |
| -0.4 to -0.3 | 293 | 5.1% | |
| -0.3 to -0.2 | 243 | 4.2% | |
| -0.2 to -0.1 | 242 | 4.2% | |
| -0.1 to 0.0 | 210 | 3.7% | |
| 0.0 to 0.1 | 210 | 3.7% | |
| 0.1 to 0.2 | 251 | 4.4% | |
| 0.2 to 0.3 | 250 | 4.4% | |
| 0.3 to 0.4 | 283 | 4.9% | |
| 0.4 to 0.5 | 283 | 4.9% | |
| 0.5 to 0.6 | 407 | 7.1% | |
| 0.6 to 0.7 | 407 | 7.1% | |
| 0.7 to 0.8 | 557 | 9.7% | |
| 0.8 to 0.9 | 557 | 9.7% | |
| 0.9 to 1.0 | 219 | 3.8% |
Frequently asked questions
What is the average correlation of SBIGW?
SPRINGBIG HLDGS INC WTS (SBIGW) has an average correlation of about 0.16 with other NASDAQ stocks, based on 5,721 pairwise observations.
Is SBIGW positively correlated with other stocks?
Mostly yes — 59.8% of pairs are positive and 40.2% are negative. Strong positive correlations (≥0.7) make up 23.3%.
What is the most common correlation range for SBIGW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.6% of all pairs.
Explore the full interactive correlation distribution for SBIGW.
Open interactive dashboard →