Sigma Lithium Corporation Common Shares (SGML) Correlation Distribution
Across 6,804 rolling correlation observations between Sigma Lithium Corporation Common Shares (SGML) and other NASDAQ-listed stocks, 27.2% are positive and 72.8% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.206, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 3.2% and strong negative correlations (≤−0.7) for 7.8%.
- Total observations
- 6,804
- Mean correlation
- -0.206
- Most common range
- -0.5 to -0.4
- Positive pairs
- 27.2%
- Strong positive (≥0.7)
- 3.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 260 | 3.8% | |
| -0.8 to -0.7 | 259 | 3.8% | |
| -0.7 to -0.6 | 576 | 8.5% | |
| -0.6 to -0.5 | 575 | 8.5% | |
| -0.5 to -0.4 | 814 | 12.0% | |
| -0.4 to -0.3 | 813 | 11.9% | |
| -0.3 to -0.2 | 622 | 9.1% | |
| -0.2 to -0.1 | 622 | 9.1% | |
| -0.1 to 0.0 | 399 | 5.9% | |
| 0.0 to 0.1 | 399 | 5.9% | |
| 0.1 to 0.2 | 281 | 4.1% | |
| 0.2 to 0.3 | 281 | 4.1% | |
| 0.3 to 0.4 | 193 | 2.8% | |
| 0.4 to 0.5 | 193 | 2.8% | |
| 0.5 to 0.6 | 143 | 2.1% | |
| 0.6 to 0.7 | 143 | 2.1% | |
| 0.7 to 0.8 | 106 | 1.6% | |
| 0.8 to 0.9 | 105 | 1.5% | |
| 0.9 to 1.0 | 7 | 0.1% |
Frequently asked questions
What is the average correlation of SGML?
Sigma Lithium Corporation Common Shares (SGML) has an average correlation of about -0.206 with other NASDAQ stocks, based on 6,804 pairwise observations.
Is SGML positively correlated with other stocks?
Not predominantly — 27.2% of pairs are positive and 72.8% are negative. Strong positive correlations (≥0.7) make up 3.2%.
What is the most common correlation range for SGML?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 38.3% of all pairs.
Explore the full interactive correlation distribution for SGML.
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