SHPW (SHPW) Correlation Distribution
Across 6,703 rolling correlation observations between SHPW (SHPW) and other NASDAQ-listed stocks, 75.1% are positive and 24.9% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.397, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 42.7% and strong negative correlations (≤−0.7) for 2.3%.
- Total observations
- 6,703
- Mean correlation
- 0.397
- Most common range
- 0.7 to 0.8
- Positive pairs
- 75.1%
- Strong positive (≥0.7)
- 42.7%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 2 | 0.0% | |
| -0.9 to -0.8 | 75 | 1.1% | |
| -0.8 to -0.7 | 75 | 1.1% | |
| -0.7 to -0.6 | 223 | 3.3% | |
| -0.6 to -0.5 | 223 | 3.3% | |
| -0.5 to -0.4 | 243 | 3.6% | |
| -0.4 to -0.3 | 242 | 3.6% | |
| -0.3 to -0.2 | 199 | 3.0% | |
| -0.2 to -0.1 | 198 | 3.0% | |
| -0.1 to 0.0 | 190 | 2.8% | |
| 0.0 to 0.1 | 189 | 2.8% | |
| 0.1 to 0.2 | 209 | 3.1% | |
| 0.2 to 0.3 | 208 | 3.1% | |
| 0.3 to 0.4 | 286 | 4.3% | |
| 0.4 to 0.5 | 286 | 4.3% | |
| 0.5 to 0.6 | 498 | 7.4% | |
| 0.6 to 0.7 | 498 | 7.4% | |
| 0.7 to 0.8 | 1,013 | 15.1% | |
| 0.8 to 0.9 | 1,012 | 15.1% | |
| 0.9 to 1.0 | 834 | 12.4% |
Frequently asked questions
What is the average correlation of SHPW?
SHPW (SHPW) has an average correlation of about 0.397 with other NASDAQ stocks, based on 6,703 pairwise observations.
Is SHPW positively correlated with other stocks?
Mostly yes — 75.1% of pairs are positive and 24.9% are negative. Strong positive correlations (≥0.7) make up 42.7%.
What is the most common correlation range for SHPW?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 17.8% of all pairs.
Explore the full interactive correlation distribution for SHPW.
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