Scienjoy Holding Corporation Class A Ordinary Shares (SJ) Correlation Distribution
Across 6,809 rolling correlation observations between Scienjoy Holding Corporation Class A Ordinary Shares (SJ) and other NASDAQ-listed stocks, 65.3% are positive and 34.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.216, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 27.4% and strong negative correlations (≤−0.7) for 7.6%.
- Total observations
- 6,809
- Mean correlation
- 0.216
- Most common range
- 0.7 to 0.8
- Positive pairs
- 65.3%
- Strong positive (≥0.7)
- 27.4%
- Sector
- Services-Computer Processing & Data Preparation
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 1 | 0.0% | |
| -0.9 to -0.8 | 259 | 3.8% | |
| -0.8 to -0.7 | 258 | 3.8% | |
| -0.7 to -0.6 | 357 | 5.2% | |
| -0.6 to -0.5 | 357 | 5.2% | |
| -0.5 to -0.4 | 247 | 3.6% | |
| -0.4 to -0.3 | 246 | 3.6% | |
| -0.3 to -0.2 | 216 | 3.2% | |
| -0.2 to -0.1 | 215 | 3.2% | |
| -0.1 to 0.0 | 210 | 3.1% | |
| 0.0 to 0.1 | 210 | 3.1% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 241 | 3.5% | |
| 0.3 to 0.4 | 324 | 4.8% | |
| 0.4 to 0.5 | 323 | 4.7% | |
| 0.5 to 0.6 | 618 | 9.1% | |
| 0.6 to 0.7 | 617 | 9.1% | |
| 0.7 to 0.8 | 924 | 13.6% | |
| 0.8 to 0.9 | 924 | 13.6% | |
| 0.9 to 1.0 | 21 | 0.3% |
Frequently asked questions
What is the average correlation of SJ?
Scienjoy Holding Corporation Class A Ordinary Shares (SJ) has an average correlation of about 0.216 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SJ positively correlated with other stocks?
Mostly yes — 65.3% of pairs are positive and 34.7% are negative. Strong positive correlations (≥0.7) make up 27.4%.
What is the most common correlation range for SJ?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 19.6% of all pairs.
Explore the full interactive correlation distribution for SJ.
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