The Shyft Group, Inc. Common Stock (SHYF) Correlation Distribution
Across 6,809 rolling correlation observations between The Shyft Group, Inc. Common Stock (SHYF) and other NASDAQ-listed stocks, 71.4% are positive and 28.6% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.294, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 28.9% and strong negative correlations (≤−0.7) for 3%.
- Total observations
- 6,809
- Mean correlation
- 0.294
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.4%
- Strong positive (≥0.7)
- 28.9%
- Sector
- Construction Machinery & Equip
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 101 | 1.5% | |
| -0.8 to -0.7 | 101 | 1.5% | |
| -0.7 to -0.6 | 304 | 4.5% | |
| -0.6 to -0.5 | 304 | 4.5% | |
| -0.5 to -0.4 | 249 | 3.7% | |
| -0.4 to -0.3 | 248 | 3.6% | |
| -0.3 to -0.2 | 212 | 3.1% | |
| -0.2 to -0.1 | 211 | 3.1% | |
| -0.1 to 0.0 | 220 | 3.2% | |
| 0.0 to 0.1 | 219 | 3.2% | |
| 0.1 to 0.2 | 277 | 4.1% | |
| 0.2 to 0.3 | 277 | 4.1% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 388 | 5.7% | |
| 0.5 to 0.6 | 673 | 9.9% | |
| 0.6 to 0.7 | 672 | 9.9% | |
| 0.7 to 0.8 | 939 | 13.8% | |
| 0.8 to 0.9 | 938 | 13.8% | |
| 0.9 to 1.0 | 88 | 1.3% |
Frequently asked questions
What is the average correlation of SHYF?
The Shyft Group, Inc. Common Stock (SHYF) has an average correlation of about 0.294 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SHYF positively correlated with other stocks?
Mostly yes — 71.4% of pairs are positive and 28.6% are negative. Strong positive correlations (≥0.7) make up 28.9%.
What is the most common correlation range for SHYF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 20.8% of all pairs.
Explore the full interactive correlation distribution for SHYF.
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