SGEN (SGEN) Correlation Distribution
Across 6,442 rolling correlation observations between SGEN (SGEN) and other NASDAQ-listed stocks, 27.3% are positive and 72.7% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.153, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 2.5% and strong negative correlations (≤−0.7) for 2%.
- Total observations
- 6,442
- Mean correlation
- -0.153
- Most common range
- -0.3 to -0.2
- Positive pairs
- 27.3%
- Strong positive (≥0.7)
- 2.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 61 | 0.9% | |
| -0.8 to -0.7 | 61 | 0.9% | |
| -0.7 to -0.6 | 349 | 5.4% | |
| -0.6 to -0.5 | 349 | 5.4% | |
| -0.5 to -0.4 | 738 | 11.5% | |
| -0.4 to -0.3 | 737 | 11.4% | |
| -0.3 to -0.2 | 937 | 14.5% | |
| -0.2 to -0.1 | 936 | 14.5% | |
| -0.1 to 0.0 | 514 | 8.0% | |
| 0.0 to 0.1 | 513 | 8.0% | |
| 0.1 to 0.2 | 251 | 3.9% | |
| 0.2 to 0.3 | 251 | 3.9% | |
| 0.3 to 0.4 | 187 | 2.9% | |
| 0.4 to 0.5 | 187 | 2.9% | |
| 0.5 to 0.6 | 103 | 1.6% | |
| 0.6 to 0.7 | 103 | 1.6% | |
| 0.7 to 0.8 | 81 | 1.3% | |
| 0.8 to 0.9 | 80 | 1.2% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SGEN?
SGEN (SGEN) has an average correlation of about -0.153 with other NASDAQ stocks, based on 6,442 pairwise observations.
Is SGEN positively correlated with other stocks?
Not predominantly — 27.3% of pairs are positive and 72.7% are negative. Strong positive correlations (≥0.7) make up 2.5%.
What is the most common correlation range for SGEN?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 52.8% of all pairs.
Explore the full interactive correlation distribution for SGEN.
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