SCTL (SCTL) Correlation Distribution
Across 6,493 rolling correlation observations between SCTL (SCTL) and other NASDAQ-listed stocks, 66.5% are positive and 33.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.169, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 5.5% and strong negative correlations (≤−0.7) for 0.8%.
- Total observations
- 6,493
- Mean correlation
- 0.169
- Most common range
- 0.5 to 0.6
- Positive pairs
- 66.5%
- Strong positive (≥0.7)
- 5.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 26 | 0.4% | |
| -0.8 to -0.7 | 25 | 0.4% | |
| -0.7 to -0.6 | 325 | 5.0% | |
| -0.6 to -0.5 | 325 | 5.0% | |
| -0.5 to -0.4 | 324 | 5.0% | |
| -0.4 to -0.3 | 324 | 5.0% | |
| -0.3 to -0.2 | 268 | 4.1% | |
| -0.2 to -0.1 | 268 | 4.1% | |
| -0.1 to 0.0 | 288 | 4.4% | |
| 0.0 to 0.1 | 287 | 4.4% | |
| 0.1 to 0.2 | 399 | 6.1% | |
| 0.2 to 0.3 | 398 | 6.1% | |
| 0.3 to 0.4 | 703 | 10.8% | |
| 0.4 to 0.5 | 702 | 10.8% | |
| 0.5 to 0.6 | 738 | 11.4% | |
| 0.6 to 0.7 | 737 | 11.4% | |
| 0.7 to 0.8 | 177 | 2.7% | |
| 0.8 to 0.9 | 176 | 2.7% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of SCTL?
SCTL (SCTL) has an average correlation of about 0.169 with other NASDAQ stocks, based on 6,493 pairwise observations.
Is SCTL positively correlated with other stocks?
Mostly yes — 66.5% of pairs are positive and 33.5% are negative. Strong positive correlations (≥0.7) make up 5.5%.
What is the most common correlation range for SCTL?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 29.4% of all pairs.
Explore the full interactive correlation distribution for SCTL.
Open interactive dashboard →