Singularity Future Technology Ltd. Common Stock (SGLY) Correlation Distribution
Across 6,778 rolling correlation observations between Singularity Future Technology Ltd. Common Stock (SGLY) and other NASDAQ-listed stocks, 66.2% are positive and 33.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 23.9% and strong negative correlations (≤−0.7) for 1.1%.
- Total observations
- 6,778
- Mean correlation
- 0.244
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.2%
- Strong positive (≥0.7)
- 23.9%
- Sector
- Arrangement Of Transportation Of Freight & Cargo
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 36 | 0.5% | |
| -0.8 to -0.7 | 36 | 0.5% | |
| -0.7 to -0.6 | 311 | 4.6% | |
| -0.6 to -0.5 | 311 | 4.6% | |
| -0.5 to -0.4 | 383 | 5.7% | |
| -0.4 to -0.3 | 382 | 5.6% | |
| -0.3 to -0.2 | 291 | 4.3% | |
| -0.2 to -0.1 | 291 | 4.3% | |
| -0.1 to 0.0 | 252 | 3.7% | |
| 0.0 to 0.1 | 252 | 3.7% | |
| 0.1 to 0.2 | 262 | 3.9% | |
| 0.2 to 0.3 | 261 | 3.9% | |
| 0.3 to 0.4 | 390 | 5.8% | |
| 0.4 to 0.5 | 390 | 5.8% | |
| 0.5 to 0.6 | 656 | 9.7% | |
| 0.6 to 0.7 | 655 | 9.7% | |
| 0.7 to 0.8 | 788 | 11.6% | |
| 0.8 to 0.9 | 788 | 11.6% | |
| 0.9 to 1.0 | 43 | 0.6% |
Frequently asked questions
What is the average correlation of SGLY?
Singularity Future Technology Ltd. Common Stock (SGLY) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,778 pairwise observations.
Is SGLY positively correlated with other stocks?
Mostly yes — 66.2% of pairs are positive and 33.8% are negative. Strong positive correlations (≥0.7) make up 23.9%.
What is the most common correlation range for SGLY?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 23.7% of all pairs.
Explore the full interactive correlation distribution for SGLY.
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