SunCar Technology Group Inc. Class A Ordinary Shares (SDA) Correlation Distribution
Across 6,022 rolling correlation observations between SunCar Technology Group Inc. Class A Ordinary Shares (SDA) and other NASDAQ-listed stocks, 53.5% are positive and 46.5% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.071, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.2% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,022
- Mean correlation
- 0.071
- Most common range
- 0.5 to 0.6
- Positive pairs
- 53.5%
- Strong positive (≥0.7)
- 2.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 0 | 0.0% | |
| -0.7 to -0.6 | 189 | 3.1% | |
| -0.6 to -0.5 | 188 | 3.1% | |
| -0.5 to -0.4 | 578 | 9.6% | |
| -0.4 to -0.3 | 578 | 9.6% | |
| -0.3 to -0.2 | 451 | 7.5% | |
| -0.2 to -0.1 | 451 | 7.5% | |
| -0.1 to 0.0 | 367 | 6.1% | |
| 0.0 to 0.1 | 366 | 6.1% | |
| 0.1 to 0.2 | 336 | 5.6% | |
| 0.2 to 0.3 | 335 | 5.6% | |
| 0.3 to 0.4 | 427 | 7.1% | |
| 0.4 to 0.5 | 427 | 7.1% | |
| 0.5 to 0.6 | 599 | 9.9% | |
| 0.6 to 0.7 | 598 | 9.9% | |
| 0.7 to 0.8 | 66 | 1.1% | |
| 0.8 to 0.9 | 65 | 1.1% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SDA?
SunCar Technology Group Inc. Class A Ordinary Shares (SDA) has an average correlation of about 0.071 with other NASDAQ stocks, based on 6,022 pairwise observations.
Is SDA positively correlated with other stocks?
Mostly yes — 53.5% of pairs are positive and 46.5% are negative. Strong positive correlations (≥0.7) make up 2.2%.
What is the most common correlation range for SDA?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 38.3% of all pairs.
Explore the full interactive correlation distribution for SDA.
Open interactive dashboard →