SFL Corporation Ltd. (SFL) Correlation Distribution
Across 6,809 rolling correlation observations between SFL Corporation Ltd. (SFL) and other NASDAQ-listed stocks, 34.4% are positive and 65.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.161, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 4.3%.
- Total observations
- 6,809
- Mean correlation
- -0.161
- Most common range
- -0.7 to -0.6
- Positive pairs
- 34.4%
- Strong positive (≥0.7)
- 2.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 146 | 2.1% | |
| -0.8 to -0.7 | 145 | 2.1% | |
| -0.7 to -0.6 | 942 | 13.8% | |
| -0.6 to -0.5 | 942 | 13.8% | |
| -0.5 to -0.4 | 567 | 8.3% | |
| -0.4 to -0.3 | 567 | 8.3% | |
| -0.3 to -0.2 | 424 | 6.2% | |
| -0.2 to -0.1 | 424 | 6.2% | |
| -0.1 to 0.0 | 307 | 4.5% | |
| 0.0 to 0.1 | 307 | 4.5% | |
| 0.1 to 0.2 | 301 | 4.4% | |
| 0.2 to 0.3 | 301 | 4.4% | |
| 0.3 to 0.4 | 326 | 4.8% | |
| 0.4 to 0.5 | 326 | 4.8% | |
| 0.5 to 0.6 | 293 | 4.3% | |
| 0.6 to 0.7 | 292 | 4.3% | |
| 0.7 to 0.8 | 100 | 1.5% | |
| 0.8 to 0.9 | 99 | 1.5% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SFL?
SFL Corporation Ltd. (SFL) has an average correlation of about -0.161 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SFL positively correlated with other stocks?
Not predominantly — 34.4% of pairs are positive and 65.6% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for SFL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 30.3% of all pairs.
Explore the full interactive correlation distribution for SFL.
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