Silicon Motion Technology Corporation (SIMO) Correlation Distribution
Across 6,809 rolling correlation observations between Silicon Motion Technology Corporation (SIMO) and other NASDAQ-listed stocks, 63.8% are positive and 36.2% are negative. The most common correlation range is -0.1 to 0.0, and the average pairwise correlation is 0.113, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 0.8% and strong negative correlations (≤−0.7) for 0.2%.
- Total observations
- 6,809
- Mean correlation
- 0.113
- Most common range
- -0.1 to 0.0
- Positive pairs
- 63.8%
- Strong positive (≥0.7)
- 0.8%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 8 | 0.1% | |
| -0.8 to -0.7 | 8 | 0.1% | |
| -0.7 to -0.6 | 79 | 1.2% | |
| -0.6 to -0.5 | 79 | 1.2% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 271 | 4.0% | |
| -0.3 to -0.2 | 496 | 7.3% | |
| -0.2 to -0.1 | 495 | 7.3% | |
| -0.1 to 0.0 | 756 | 11.1% | |
| 0.0 to 0.1 | 755 | 11.1% | |
| 0.1 to 0.2 | 747 | 11.0% | |
| 0.2 to 0.3 | 747 | 11.0% | |
| 0.3 to 0.4 | 688 | 10.1% | |
| 0.4 to 0.5 | 687 | 10.1% | |
| 0.5 to 0.6 | 333 | 4.9% | |
| 0.6 to 0.7 | 333 | 4.9% | |
| 0.7 to 0.8 | 28 | 0.4% | |
| 0.8 to 0.9 | 27 | 0.4% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SIMO?
Silicon Motion Technology Corporation (SIMO) has an average correlation of about 0.113 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SIMO positively correlated with other stocks?
Mostly yes — 63.8% of pairs are positive and 36.2% are negative. Strong positive correlations (≥0.7) make up 0.8%.
What is the most common correlation range for SIMO?
The most common range is -0.1 to 0.0. Weak correlations (−0.3 to 0.3) account for 58.7% of all pairs.
Explore the full interactive correlation distribution for SIMO.
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