SGII (SGII) Correlation Distribution
Across 5,629 rolling correlation observations between SGII (SGII) and other NASDAQ-listed stocks, 26.3% are positive and 73.7% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.321, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 8.6% and strong negative correlations (≤−0.7) for 33.7%.
- Total observations
- 5,629
- Mean correlation
- -0.321
- Most common range
- -0.9 to -0.8
- Positive pairs
- 26.3%
- Strong positive (≥0.7)
- 8.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 110 | 2.0% | |
| -0.9 to -0.8 | 894 | 15.9% | |
| -0.8 to -0.7 | 894 | 15.9% | |
| -0.7 to -0.6 | 624 | 11.1% | |
| -0.6 to -0.5 | 623 | 11.1% | |
| -0.5 to -0.4 | 252 | 4.5% | |
| -0.4 to -0.3 | 252 | 4.5% | |
| -0.3 to -0.2 | 175 | 3.1% | |
| -0.2 to -0.1 | 175 | 3.1% | |
| -0.1 to 0.0 | 149 | 2.6% | |
| 0.0 to 0.1 | 149 | 2.6% | |
| 0.1 to 0.2 | 140 | 2.5% | |
| 0.2 to 0.3 | 139 | 2.5% | |
| 0.3 to 0.4 | 137 | 2.4% | |
| 0.4 to 0.5 | 136 | 2.4% | |
| 0.5 to 0.6 | 149 | 2.6% | |
| 0.6 to 0.7 | 148 | 2.6% | |
| 0.7 to 0.8 | 181 | 3.2% | |
| 0.8 to 0.9 | 181 | 3.2% | |
| 0.9 to 1.0 | 121 | 2.1% |
Frequently asked questions
What is the average correlation of SGII?
SGII (SGII) has an average correlation of about -0.321 with other NASDAQ stocks, based on 5,629 pairwise observations.
Is SGII positively correlated with other stocks?
Not predominantly — 26.3% of pairs are positive and 73.7% are negative. Strong positive correlations (≥0.7) make up 8.6%.
What is the most common correlation range for SGII?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 16.5% of all pairs.
Explore the full interactive correlation distribution for SGII.
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