SEDA (SEDA) Correlation Distribution
Across 6,158 rolling correlation observations between SEDA (SEDA) and other NASDAQ-listed stocks, 35.5% are positive and 64.5% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.172, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 14.7% and strong negative correlations (≤−0.7) for 25.6%.
- Total observations
- 6,158
- Mean correlation
- -0.172
- Most common range
- -0.9 to -0.8
- Positive pairs
- 35.5%
- Strong positive (≥0.7)
- 14.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 201 | 3.3% | |
| -0.9 to -0.8 | 687 | 11.2% | |
| -0.8 to -0.7 | 686 | 11.1% | |
| -0.7 to -0.6 | 536 | 8.7% | |
| -0.6 to -0.5 | 536 | 8.7% | |
| -0.5 to -0.4 | 332 | 5.4% | |
| -0.4 to -0.3 | 332 | 5.4% | |
| -0.3 to -0.2 | 239 | 3.9% | |
| -0.2 to -0.1 | 239 | 3.9% | |
| -0.1 to 0.0 | 185 | 3.0% | |
| 0.0 to 0.1 | 184 | 3.0% | |
| 0.1 to 0.2 | 144 | 2.3% | |
| 0.2 to 0.3 | 143 | 2.3% | |
| 0.3 to 0.4 | 181 | 2.9% | |
| 0.4 to 0.5 | 180 | 2.9% | |
| 0.5 to 0.6 | 223 | 3.6% | |
| 0.6 to 0.7 | 223 | 3.6% | |
| 0.7 to 0.8 | 321 | 5.2% | |
| 0.8 to 0.9 | 320 | 5.2% | |
| 0.9 to 1.0 | 266 | 4.3% |
Frequently asked questions
What is the average correlation of SEDA?
SEDA (SEDA) has an average correlation of about -0.172 with other NASDAQ stocks, based on 6,158 pairwise observations.
Is SEDA positively correlated with other stocks?
Not predominantly — 35.5% of pairs are positive and 64.5% are negative. Strong positive correlations (≥0.7) make up 14.7%.
What is the most common correlation range for SEDA?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.4% of all pairs.
Explore the full interactive correlation distribution for SEDA.
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