STELLUS CAPITAL INVESTMENT CORPORATION (SCM) Correlation Distribution
Across 6,809 rolling correlation observations between STELLUS CAPITAL INVESTMENT CORPORATION (SCM) and other NASDAQ-listed stocks, 51.2% are positive and 48.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.033, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 2.6%.
- Total observations
- 6,809
- Mean correlation
- 0.033
- Most common range
- -0.3 to -0.2
- Positive pairs
- 51.2%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.3% | |
| -0.8 to -0.7 | 90 | 1.3% | |
| -0.7 to -0.6 | 253 | 3.7% | |
| -0.6 to -0.5 | 253 | 3.7% | |
| -0.5 to -0.4 | 435 | 6.4% | |
| -0.4 to -0.3 | 434 | 6.4% | |
| -0.3 to -0.2 | 622 | 9.1% | |
| -0.2 to -0.1 | 621 | 9.1% | |
| -0.1 to 0.0 | 528 | 7.8% | |
| 0.0 to 0.1 | 528 | 7.8% | |
| 0.1 to 0.2 | 489 | 7.2% | |
| 0.2 to 0.3 | 488 | 7.2% | |
| 0.3 to 0.4 | 428 | 6.3% | |
| 0.4 to 0.5 | 427 | 6.3% | |
| 0.5 to 0.6 | 420 | 6.2% | |
| 0.6 to 0.7 | 420 | 6.2% | |
| 0.7 to 0.8 | 141 | 2.1% | |
| 0.8 to 0.9 | 140 | 2.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of SCM?
STELLUS CAPITAL INVESTMENT CORPORATION (SCM) has an average correlation of about 0.033 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SCM positively correlated with other stocks?
Mostly yes — 51.2% of pairs are positive and 48.8% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for SCM?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 48.1% of all pairs.
Explore the full interactive correlation distribution for SCM.
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