SGE (SGE) Correlation Distribution
Across 5,887 rolling correlation observations between SGE (SGE) and other NASDAQ-listed stocks, 48.2% are positive and 51.8% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is 0.024, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 17.4% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 5,887
- Mean correlation
- 0.024
- Most common range
- -0.7 to -0.6
- Positive pairs
- 48.2%
- Strong positive (≥0.7)
- 17.4%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 196 | 3.3% | |
| -0.8 to -0.7 | 195 | 3.3% | |
| -0.7 to -0.6 | 522 | 8.9% | |
| -0.6 to -0.5 | 522 | 8.9% | |
| -0.5 to -0.4 | 392 | 6.7% | |
| -0.4 to -0.3 | 391 | 6.6% | |
| -0.3 to -0.2 | 304 | 5.2% | |
| -0.2 to -0.1 | 304 | 5.2% | |
| -0.1 to 0.0 | 223 | 3.8% | |
| 0.0 to 0.1 | 223 | 3.8% | |
| 0.1 to 0.2 | 215 | 3.7% | |
| 0.2 to 0.3 | 214 | 3.6% | |
| 0.3 to 0.4 | 250 | 4.2% | |
| 0.4 to 0.5 | 249 | 4.2% | |
| 0.5 to 0.6 | 330 | 5.6% | |
| 0.6 to 0.7 | 330 | 5.6% | |
| 0.7 to 0.8 | 459 | 7.8% | |
| 0.8 to 0.9 | 459 | 7.8% | |
| 0.9 to 1.0 | 107 | 1.8% |
Frequently asked questions
What is the average correlation of SGE?
SGE (SGE) has an average correlation of about 0.024 with other NASDAQ stocks, based on 5,887 pairwise observations.
Is SGE positively correlated with other stocks?
Not predominantly — 48.2% of pairs are positive and 51.8% are negative. Strong positive correlations (≥0.7) make up 17.4%.
What is the most common correlation range for SGE?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 25.2% of all pairs.
Explore the full interactive correlation distribution for SGE.
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