Sight Sciences, Inc. Common Stock (SGHT) Correlation Distribution
Across 6,804 rolling correlation observations between Sight Sciences, Inc. Common Stock (SGHT) and other NASDAQ-listed stocks, 71% are positive and 29% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.329, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 36.1% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,804
- Mean correlation
- 0.329
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71%
- Strong positive (≥0.7)
- 36.1%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 52 | 0.8% | |
| -0.8 to -0.7 | 52 | 0.8% | |
| -0.7 to -0.6 | 318 | 4.7% | |
| -0.6 to -0.5 | 317 | 4.7% | |
| -0.5 to -0.4 | 287 | 4.2% | |
| -0.4 to -0.3 | 286 | 4.2% | |
| -0.3 to -0.2 | 223 | 3.3% | |
| -0.2 to -0.1 | 223 | 3.3% | |
| -0.1 to 0.0 | 215 | 3.2% | |
| 0.0 to 0.1 | 215 | 3.2% | |
| 0.1 to 0.2 | 242 | 3.6% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 319 | 4.7% | |
| 0.4 to 0.5 | 319 | 4.7% | |
| 0.5 to 0.6 | 521 | 7.7% | |
| 0.6 to 0.7 | 520 | 7.6% | |
| 0.7 to 0.8 | 965 | 14.2% | |
| 0.8 to 0.9 | 965 | 14.2% | |
| 0.9 to 1.0 | 524 | 7.7% |
Frequently asked questions
What is the average correlation of SGHT?
Sight Sciences, Inc. Common Stock (SGHT) has an average correlation of about 0.329 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SGHT positively correlated with other stocks?
Mostly yes — 71% of pairs are positive and 29% are negative. Strong positive correlations (≥0.7) make up 36.1%.
What is the most common correlation range for SGHT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20% of all pairs.
Explore the full interactive correlation distribution for SGHT.
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