SolarEdge Technologies, Inc. (SEDG) Correlation Distribution
Across 6,809 rolling correlation observations between SolarEdge Technologies, Inc. (SEDG) and other NASDAQ-listed stocks, 64.9% are positive and 35.1% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.137, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 10.7% and strong negative correlations (≤−0.7) for 10.4%.
- Total observations
- 6,809
- Mean correlation
- 0.137
- Most common range
- 0.5 to 0.6
- Positive pairs
- 64.9%
- Strong positive (≥0.7)
- 10.7%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 18 | 0.3% | |
| -0.9 to -0.8 | 345 | 5.1% | |
| -0.8 to -0.7 | 345 | 5.1% | |
| -0.7 to -0.6 | 284 | 4.2% | |
| -0.6 to -0.5 | 284 | 4.2% | |
| -0.5 to -0.4 | 225 | 3.3% | |
| -0.4 to -0.3 | 224 | 3.3% | |
| -0.3 to -0.2 | 207 | 3.0% | |
| -0.2 to -0.1 | 207 | 3.0% | |
| -0.1 to 0.0 | 250 | 3.7% | |
| 0.0 to 0.1 | 250 | 3.7% | |
| 0.1 to 0.2 | 356 | 5.2% | |
| 0.2 to 0.3 | 355 | 5.2% | |
| 0.3 to 0.4 | 670 | 9.8% | |
| 0.4 to 0.5 | 670 | 9.8% | |
| 0.5 to 0.6 | 695 | 10.2% | |
| 0.6 to 0.7 | 694 | 10.2% | |
| 0.7 to 0.8 | 332 | 4.9% | |
| 0.8 to 0.9 | 331 | 4.9% | |
| 0.9 to 1.0 | 67 | 1.0% |
Frequently asked questions
What is the average correlation of SEDG?
SolarEdge Technologies, Inc. (SEDG) has an average correlation of about 0.137 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SEDG positively correlated with other stocks?
Mostly yes — 64.9% of pairs are positive and 35.1% are negative. Strong positive correlations (≥0.7) make up 10.7%.
What is the most common correlation range for SEDG?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 23.9% of all pairs.
Explore the full interactive correlation distribution for SEDG.
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