SIFCO Industries, Inc. (SIF) Correlation Distribution
Across 6,803 rolling correlation observations between SIFCO Industries, Inc. (SIF) and other NASDAQ-listed stocks, 71.2% are positive and 28.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.316, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 27.3% and strong negative correlations (≤−0.7) for 0.1%.
- Total observations
- 6,803
- Mean correlation
- 0.316
- Most common range
- 0.7 to 0.8
- Positive pairs
- 71.2%
- Strong positive (≥0.7)
- 27.3%
- Sector
- Aircraft Engines & Engine Parts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 2 | 0.0% | |
| -0.8 to -0.7 | 2 | 0.0% | |
| -0.7 to -0.6 | 99 | 1.5% | |
| -0.6 to -0.5 | 98 | 1.4% | |
| -0.5 to -0.4 | 362 | 5.3% | |
| -0.4 to -0.3 | 362 | 5.3% | |
| -0.3 to -0.2 | 359 | 5.3% | |
| -0.2 to -0.1 | 358 | 5.3% | |
| -0.1 to 0.0 | 320 | 4.7% | |
| 0.0 to 0.1 | 319 | 4.7% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 309 | 4.5% | |
| 0.3 to 0.4 | 388 | 5.7% | |
| 0.4 to 0.5 | 387 | 5.7% | |
| 0.5 to 0.6 | 637 | 9.4% | |
| 0.6 to 0.7 | 636 | 9.3% | |
| 0.7 to 0.8 | 859 | 12.6% | |
| 0.8 to 0.9 | 859 | 12.6% | |
| 0.9 to 1.0 | 138 | 2.0% |
Frequently asked questions
What is the average correlation of SIF?
SIFCO Industries, Inc. (SIF) has an average correlation of about 0.316 with other NASDAQ stocks, based on 6,803 pairwise observations.
Is SIF positively correlated with other stocks?
Mostly yes — 71.2% of pairs are positive and 28.8% are negative. Strong positive correlations (≥0.7) make up 27.3%.
What is the most common correlation range for SIF?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for SIF.
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