SBOW (SBOW) Correlation Distribution
Across 6,732 rolling correlation observations between SBOW (SBOW) and other NASDAQ-listed stocks, 40.1% are positive and 59.9% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.109, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 6.1% and strong negative correlations (≤−0.7) for 11.7%.
- Total observations
- 6,732
- Mean correlation
- -0.109
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.1%
- Strong positive (≥0.7)
- 6.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 394 | 5.9% | |
| -0.8 to -0.7 | 394 | 5.9% | |
| -0.7 to -0.6 | 527 | 7.8% | |
| -0.6 to -0.5 | 526 | 7.8% | |
| -0.5 to -0.4 | 488 | 7.2% | |
| -0.4 to -0.3 | 488 | 7.2% | |
| -0.3 to -0.2 | 420 | 6.2% | |
| -0.2 to -0.1 | 420 | 6.2% | |
| -0.1 to 0.0 | 373 | 5.5% | |
| 0.0 to 0.1 | 373 | 5.5% | |
| 0.1 to 0.2 | 347 | 5.2% | |
| 0.2 to 0.3 | 347 | 5.2% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 312 | 4.6% | |
| 0.6 to 0.7 | 311 | 4.6% | |
| 0.7 to 0.8 | 193 | 2.9% | |
| 0.8 to 0.9 | 193 | 2.9% | |
| 0.9 to 1.0 | 27 | 0.4% |
Frequently asked questions
What is the average correlation of SBOW?
SBOW (SBOW) has an average correlation of about -0.109 with other NASDAQ stocks, based on 6,732 pairwise observations.
Is SBOW positively correlated with other stocks?
Not predominantly — 40.1% of pairs are positive and 59.9% are negative. Strong positive correlations (≥0.7) make up 6.1%.
What is the most common correlation range for SBOW?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 33.9% of all pairs.
Explore the full interactive correlation distribution for SBOW.
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