SBT (SBT) Correlation Distribution
Across 6,806 rolling correlation observations between SBT (SBT) and other NASDAQ-listed stocks, 49.1% are positive and 50.9% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 2.1%.
- Total observations
- 6,806
- Mean correlation
- 0
- Most common range
- -0.3 to -0.2
- Positive pairs
- 49.1%
- Strong positive (≥0.7)
- 2.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 71 | 1.0% | |
| -0.8 to -0.7 | 71 | 1.0% | |
| -0.7 to -0.6 | 300 | 4.4% | |
| -0.6 to -0.5 | 300 | 4.4% | |
| -0.5 to -0.4 | 505 | 7.4% | |
| -0.4 to -0.3 | 505 | 7.4% | |
| -0.3 to -0.2 | 575 | 8.4% | |
| -0.2 to -0.1 | 574 | 8.4% | |
| -0.1 to 0.0 | 560 | 8.2% | |
| 0.0 to 0.1 | 559 | 8.2% | |
| 0.1 to 0.2 | 521 | 7.7% | |
| 0.2 to 0.3 | 520 | 7.6% | |
| 0.3 to 0.4 | 454 | 6.7% | |
| 0.4 to 0.5 | 454 | 6.7% | |
| 0.5 to 0.6 | 327 | 4.8% | |
| 0.6 to 0.7 | 327 | 4.8% | |
| 0.7 to 0.8 | 91 | 1.3% | |
| 0.8 to 0.9 | 91 | 1.3% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SBT?
SBT (SBT) has an average correlation of about 0 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SBT positively correlated with other stocks?
Not predominantly — 49.1% of pairs are positive and 50.9% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for SBT?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.6% of all pairs.
Explore the full interactive correlation distribution for SBT.
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