SELB (SELB) Correlation Distribution
Across 6,388 rolling correlation observations between SELB (SELB) and other NASDAQ-listed stocks, 74.6% are positive and 25.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.358, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.8% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,388
- Mean correlation
- 0.358
- Most common range
- 0.7 to 0.8
- Positive pairs
- 74.6%
- Strong positive (≥0.7)
- 36.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 49 | 0.8% | |
| -0.8 to -0.7 | 48 | 0.8% | |
| -0.7 to -0.6 | 226 | 3.5% | |
| -0.6 to -0.5 | 225 | 3.5% | |
| -0.5 to -0.4 | 215 | 3.4% | |
| -0.4 to -0.3 | 214 | 3.4% | |
| -0.3 to -0.2 | 215 | 3.4% | |
| -0.2 to -0.1 | 215 | 3.4% | |
| -0.1 to 0.0 | 217 | 3.4% | |
| 0.0 to 0.1 | 216 | 3.4% | |
| 0.1 to 0.2 | 247 | 3.9% | |
| 0.2 to 0.3 | 247 | 3.9% | |
| 0.3 to 0.4 | 340 | 5.3% | |
| 0.4 to 0.5 | 340 | 5.3% | |
| 0.5 to 0.6 | 513 | 8.0% | |
| 0.6 to 0.7 | 512 | 8.0% | |
| 0.7 to 0.8 | 1,068 | 16.7% | |
| 0.8 to 0.9 | 1,068 | 16.7% | |
| 0.9 to 1.0 | 212 | 3.3% |
Frequently asked questions
What is the average correlation of SELB?
SELB (SELB) has an average correlation of about 0.358 with other NASDAQ stocks, based on 6,388 pairwise observations.
Is SELB positively correlated with other stocks?
Mostly yes — 74.6% of pairs are positive and 25.4% are negative. Strong positive correlations (≥0.7) make up 36.8%.
What is the most common correlation range for SELB?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 21.2% of all pairs.
Explore the full interactive correlation distribution for SELB.
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