SCX (SCX) Correlation Distribution
Across 6,661 rolling correlation observations between SCX (SCX) and other NASDAQ-listed stocks, 43% are positive and 57% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.017, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 12% and strong negative correlations (≤−0.7) for 2.7%.
- Total observations
- 6,661
- Mean correlation
- -0.017
- Most common range
- -0.5 to -0.4
- Positive pairs
- 43%
- Strong positive (≥0.7)
- 12%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 90 | 1.4% | |
| -0.8 to -0.7 | 90 | 1.4% | |
| -0.7 to -0.6 | 527 | 7.9% | |
| -0.6 to -0.5 | 527 | 7.9% | |
| -0.5 to -0.4 | 635 | 9.5% | |
| -0.4 to -0.3 | 634 | 9.5% | |
| -0.3 to -0.2 | 481 | 7.2% | |
| -0.2 to -0.1 | 480 | 7.2% | |
| -0.1 to 0.0 | 332 | 5.0% | |
| 0.0 to 0.1 | 332 | 5.0% | |
| 0.1 to 0.2 | 265 | 4.0% | |
| 0.2 to 0.3 | 264 | 4.0% | |
| 0.3 to 0.4 | 257 | 3.9% | |
| 0.4 to 0.5 | 256 | 3.8% | |
| 0.5 to 0.6 | 347 | 5.2% | |
| 0.6 to 0.7 | 346 | 5.2% | |
| 0.7 to 0.8 | 397 | 6.0% | |
| 0.8 to 0.9 | 396 | 5.9% | |
| 0.9 to 1.0 | 5 | 0.1% |
Frequently asked questions
What is the average correlation of SCX?
SCX (SCX) has an average correlation of about -0.017 with other NASDAQ stocks, based on 6,661 pairwise observations.
Is SCX positively correlated with other stocks?
Not predominantly — 43% of pairs are positive and 57% are negative. Strong positive correlations (≥0.7) make up 12%.
What is the most common correlation range for SCX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 32.3% of all pairs.
Explore the full interactive correlation distribution for SCX.
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