Sunstone Hotel Investors, Inc. (SHO) Correlation Distribution
Across 6,809 rolling correlation observations between Sunstone Hotel Investors, Inc. (SHO) and other NASDAQ-listed stocks, 80.3% are positive and 19.7% are negative. The most common correlation range is 0.3 to 0.4, and the average pairwise correlation is 0.285, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 4.1% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.285
- Most common range
- 0.3 to 0.4
- Positive pairs
- 80.3%
- Strong positive (≥0.7)
- 4.1%
- Sector
- Hotels & Motels
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 7 | 0.1% | |
| -0.8 to -0.7 | 7 | 0.1% | |
| -0.7 to -0.6 | 43 | 0.6% | |
| -0.6 to -0.5 | 43 | 0.6% | |
| -0.5 to -0.4 | 86 | 1.3% | |
| -0.4 to -0.3 | 85 | 1.2% | |
| -0.3 to -0.2 | 276 | 4.1% | |
| -0.2 to -0.1 | 276 | 4.1% | |
| -0.1 to 0.0 | 519 | 7.6% | |
| 0.0 to 0.1 | 519 | 7.6% | |
| 0.1 to 0.2 | 606 | 8.9% | |
| 0.2 to 0.3 | 605 | 8.9% | |
| 0.3 to 0.4 | 898 | 13.2% | |
| 0.4 to 0.5 | 898 | 13.2% | |
| 0.5 to 0.6 | 832 | 12.2% | |
| 0.6 to 0.7 | 831 | 12.2% | |
| 0.7 to 0.8 | 139 | 2.0% | |
| 0.8 to 0.9 | 138 | 2.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SHO?
Sunstone Hotel Investors, Inc. (SHO) has an average correlation of about 0.285 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SHO positively correlated with other stocks?
Mostly yes — 80.3% of pairs are positive and 19.7% are negative. Strong positive correlations (≥0.7) make up 4.1%.
What is the most common correlation range for SHO?
The most common range is 0.3 to 0.4. Weak correlations (−0.3 to 0.3) account for 41.1% of all pairs.
Explore the full interactive correlation distribution for SHO.
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