SHAP (SHAP) Correlation Distribution
Across 5,857 rolling correlation observations between SHAP (SHAP) and other NASDAQ-listed stocks, 32.1% are positive and 67.9% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.244, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.8% and strong negative correlations (≤−0.7) for 32.1%.
- Total observations
- 5,857
- Mean correlation
- -0.244
- Most common range
- -0.9 to -0.8
- Positive pairs
- 32.1%
- Strong positive (≥0.7)
- 11.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 236 | 4.0% | |
| -0.9 to -0.8 | 823 | 14.1% | |
| -0.8 to -0.7 | 823 | 14.1% | |
| -0.7 to -0.6 | 495 | 8.5% | |
| -0.6 to -0.5 | 494 | 8.4% | |
| -0.5 to -0.4 | 277 | 4.7% | |
| -0.4 to -0.3 | 277 | 4.7% | |
| -0.3 to -0.2 | 192 | 3.3% | |
| -0.2 to -0.1 | 192 | 3.3% | |
| -0.1 to 0.0 | 168 | 2.9% | |
| 0.0 to 0.1 | 167 | 2.9% | |
| 0.1 to 0.2 | 151 | 2.6% | |
| 0.2 to 0.3 | 150 | 2.6% | |
| 0.3 to 0.4 | 165 | 2.8% | |
| 0.4 to 0.5 | 165 | 2.8% | |
| 0.5 to 0.6 | 195 | 3.3% | |
| 0.6 to 0.7 | 195 | 3.3% | |
| 0.7 to 0.8 | 263 | 4.5% | |
| 0.8 to 0.9 | 262 | 4.5% | |
| 0.9 to 1.0 | 167 | 2.9% |
Frequently asked questions
What is the average correlation of SHAP?
SHAP (SHAP) has an average correlation of about -0.244 with other NASDAQ stocks, based on 5,857 pairwise observations.
Is SHAP positively correlated with other stocks?
Not predominantly — 32.1% of pairs are positive and 67.9% are negative. Strong positive correlations (≥0.7) make up 11.8%.
What is the most common correlation range for SHAP?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 17.4% of all pairs.
Explore the full interactive correlation distribution for SHAP.
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