Groupo Simec, S.A.B de C.V. (SIM) Correlation Distribution
Across 6,361 rolling correlation observations between Groupo Simec, S.A.B de C.V. (SIM) and other NASDAQ-listed stocks, 41% are positive and 59% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.125, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 5.9% and strong negative correlations (≤−0.7) for 15.1%.
- Total observations
- 6,361
- Mean correlation
- -0.125
- Most common range
- -0.7 to -0.6
- Positive pairs
- 41%
- Strong positive (≥0.7)
- 5.9%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 60 | 0.9% | |
| -0.9 to -0.8 | 451 | 7.1% | |
| -0.8 to -0.7 | 450 | 7.1% | |
| -0.7 to -0.6 | 568 | 8.9% | |
| -0.6 to -0.5 | 567 | 8.9% | |
| -0.5 to -0.4 | 389 | 6.1% | |
| -0.4 to -0.3 | 388 | 6.1% | |
| -0.3 to -0.2 | 306 | 4.8% | |
| -0.2 to -0.1 | 305 | 4.8% | |
| -0.1 to 0.0 | 268 | 4.2% | |
| 0.0 to 0.1 | 268 | 4.2% | |
| 0.1 to 0.2 | 312 | 4.9% | |
| 0.2 to 0.3 | 312 | 4.9% | |
| 0.3 to 0.4 | 337 | 5.3% | |
| 0.4 to 0.5 | 336 | 5.3% | |
| 0.5 to 0.6 | 334 | 5.3% | |
| 0.6 to 0.7 | 334 | 5.3% | |
| 0.7 to 0.8 | 179 | 2.8% | |
| 0.8 to 0.9 | 178 | 2.8% | |
| 0.9 to 1.0 | 19 | 0.3% |
Frequently asked questions
What is the average correlation of SIM?
Groupo Simec, S.A.B de C.V. (SIM) has an average correlation of about -0.125 with other NASDAQ stocks, based on 6,361 pairwise observations.
Is SIM positively correlated with other stocks?
Not predominantly — 41% of pairs are positive and 59% are negative. Strong positive correlations (≥0.7) make up 5.9%.
What is the most common correlation range for SIM?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 27.8% of all pairs.
Explore the full interactive correlation distribution for SIM.
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