SI-BONE, Inc. Common Stock (SIBN) Correlation Distribution
Across 6,809 rolling correlation observations between SI-BONE, Inc. Common Stock (SIBN) and other NASDAQ-listed stocks, 67.2% are positive and 32.8% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.208, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 8.7% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.208
- Most common range
- 0.5 to 0.6
- Positive pairs
- 67.2%
- Strong positive (≥0.7)
- 8.7%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 6 | 0.1% | |
| -0.8 to -0.7 | 6 | 0.1% | |
| -0.7 to -0.6 | 163 | 2.4% | |
| -0.6 to -0.5 | 163 | 2.4% | |
| -0.5 to -0.4 | 402 | 5.9% | |
| -0.4 to -0.3 | 401 | 5.9% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 365 | 5.4% | |
| -0.1 to 0.0 | 363 | 5.3% | |
| 0.0 to 0.1 | 362 | 5.3% | |
| 0.1 to 0.2 | 432 | 6.3% | |
| 0.2 to 0.3 | 431 | 6.3% | |
| 0.3 to 0.4 | 530 | 7.8% | |
| 0.4 to 0.5 | 529 | 7.8% | |
| 0.5 to 0.6 | 851 | 12.5% | |
| 0.6 to 0.7 | 850 | 12.5% | |
| 0.7 to 0.8 | 295 | 4.3% | |
| 0.8 to 0.9 | 294 | 4.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SIBN?
SI-BONE, Inc. Common Stock (SIBN) has an average correlation of about 0.208 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SIBN positively correlated with other stocks?
Mostly yes — 67.2% of pairs are positive and 32.8% are negative. Strong positive correlations (≥0.7) make up 8.7%.
What is the most common correlation range for SIBN?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 34.1% of all pairs.
Explore the full interactive correlation distribution for SIBN.
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