Saga Communications, Inc. Class A Common Stock (FL) (SGA) Correlation Distribution
Across 6,807 rolling correlation observations between Saga Communications, Inc. Class A Common Stock (FL) (SGA) and other NASDAQ-listed stocks, 59.6% are positive and 40.4% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.04, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.9% and strong negative correlations (≤−0.7) for 8.6%.
- Total observations
- 6,807
- Mean correlation
- 0.04
- Most common range
- 0.3 to 0.4
- Positive pairs
- 59.6%
- Strong positive (≥0.7)
- 2.9%
- Sector
- Radio Broadcasting Stations
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 289 | 4.2% | |
| -0.8 to -0.7 | 289 | 4.2% | |
| -0.7 to -0.6 | 315 | 4.6% | |
| -0.6 to -0.5 | 315 | 4.6% | |
| -0.5 to -0.4 | 263 | 3.9% | |
| -0.4 to -0.3 | 263 | 3.9% | |
| -0.3 to -0.2 | 327 | 4.8% | |
| -0.2 to -0.1 | 327 | 4.8% | |
| -0.1 to 0.0 | 356 | 5.2% | |
| 0.0 to 0.1 | 355 | 5.2% | |
| 0.1 to 0.2 | 639 | 9.4% | |
| 0.2 to 0.3 | 639 | 9.4% | |
| 0.3 to 0.4 | 732 | 10.8% | |
| 0.4 to 0.5 | 732 | 10.8% | |
| 0.5 to 0.6 | 382 | 5.6% | |
| 0.6 to 0.7 | 382 | 5.6% | |
| 0.7 to 0.8 | 98 | 1.4% | |
| 0.8 to 0.9 | 97 | 1.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of SGA?
Saga Communications, Inc. Class A Common Stock (FL) (SGA) has an average correlation of about 0.04 with other NASDAQ stocks, based on 6,807 pairwise observations.
Is SGA positively correlated with other stocks?
Mostly yes — 59.6% of pairs are positive and 40.4% are negative. Strong positive correlations (≥0.7) make up 2.9%.
What is the most common correlation range for SGA?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 38.8% of all pairs.
Explore the full interactive correlation distribution for SGA.
Open interactive dashboard →