Shengfeng Development Limited Class A Ordinary Shares (SFWL) Correlation Distribution
Across 6,111 rolling correlation observations between Shengfeng Development Limited Class A Ordinary Shares (SFWL) and other NASDAQ-listed stocks, 41.8% are positive and 58.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.115, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.4% and strong negative correlations (≤−0.7) for 9.3%.
- Total observations
- 6,111
- Mean correlation
- -0.115
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41.8%
- Strong positive (≥0.7)
- 2.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 283 | 4.6% | |
| -0.8 to -0.7 | 283 | 4.6% | |
| -0.7 to -0.6 | 724 | 11.8% | |
| -0.6 to -0.5 | 723 | 11.8% | |
| -0.5 to -0.4 | 383 | 6.3% | |
| -0.4 to -0.3 | 383 | 6.3% | |
| -0.3 to -0.2 | 269 | 4.4% | |
| -0.2 to -0.1 | 269 | 4.4% | |
| -0.1 to 0.0 | 236 | 3.9% | |
| 0.0 to 0.1 | 235 | 3.8% | |
| 0.1 to 0.2 | 285 | 4.7% | |
| 0.2 to 0.3 | 284 | 4.6% | |
| 0.3 to 0.4 | 396 | 6.5% | |
| 0.4 to 0.5 | 396 | 6.5% | |
| 0.5 to 0.6 | 409 | 6.7% | |
| 0.6 to 0.7 | 408 | 6.7% | |
| 0.7 to 0.8 | 72 | 1.2% | |
| 0.8 to 0.9 | 72 | 1.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SFWL?
Shengfeng Development Limited Class A Ordinary Shares (SFWL) has an average correlation of about -0.115 with other NASDAQ stocks, based on 6,111 pairwise observations.
Is SFWL positively correlated with other stocks?
Not predominantly — 41.8% of pairs are positive and 58.2% are negative. Strong positive correlations (≥0.7) make up 2.4%.
What is the most common correlation range for SFWL?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.8% of all pairs.
Explore the full interactive correlation distribution for SFWL.
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