SFE (SFE) Correlation Distribution
Across 6,516 rolling correlation observations between SFE (SFE) and other NASDAQ-listed stocks, 73.1% are positive and 26.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.344, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 41.1% and strong negative correlations (≤−0.7) for 8.2%.
- Total observations
- 6,516
- Mean correlation
- 0.344
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.1%
- Strong positive (≥0.7)
- 41.1%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 104 | 1.6% | |
| -0.9 to -0.8 | 214 | 3.3% | |
| -0.8 to -0.7 | 214 | 3.3% | |
| -0.7 to -0.6 | 198 | 3.0% | |
| -0.6 to -0.5 | 197 | 3.0% | |
| -0.5 to -0.4 | 172 | 2.6% | |
| -0.4 to -0.3 | 172 | 2.6% | |
| -0.3 to -0.2 | 148 | 2.3% | |
| -0.2 to -0.1 | 147 | 2.3% | |
| -0.1 to 0.0 | 189 | 2.9% | |
| 0.0 to 0.1 | 189 | 2.9% | |
| 0.1 to 0.2 | 189 | 2.9% | |
| 0.2 to 0.3 | 189 | 2.9% | |
| 0.3 to 0.4 | 269 | 4.1% | |
| 0.4 to 0.5 | 268 | 4.1% | |
| 0.5 to 0.6 | 491 | 7.5% | |
| 0.6 to 0.7 | 491 | 7.5% | |
| 0.7 to 0.8 | 1,018 | 15.6% | |
| 0.8 to 0.9 | 1,017 | 15.6% | |
| 0.9 to 1.0 | 640 | 9.8% |
Frequently asked questions
What is the average correlation of SFE?
SFE (SFE) has an average correlation of about 0.344 with other NASDAQ stocks, based on 6,516 pairwise observations.
Is SFE positively correlated with other stocks?
Mostly yes — 73.1% of pairs are positive and 26.9% are negative. Strong positive correlations (≥0.7) make up 41.1%.
What is the most common correlation range for SFE?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.1% of all pairs.
Explore the full interactive correlation distribution for SFE.
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