The J.M. Smucker Company (SJM) Correlation Distribution
Across 6,809 rolling correlation observations between The J.M. Smucker Company (SJM) and other NASDAQ-listed stocks, 46% are positive and 54% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is -0.019, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 2.7% and strong negative correlations (≤−0.7) for 1.5%.
- Total observations
- 6,809
- Mean correlation
- -0.019
- Most common range
- -0.3 to -0.2
- Positive pairs
- 46%
- Strong positive (≥0.7)
- 2.7%
- Sector
- Canned, Fruits, Veg, Preserves, Jams & Jellies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 51 | 0.7% | |
| -0.8 to -0.7 | 51 | 0.7% | |
| -0.7 to -0.6 | 254 | 3.7% | |
| -0.6 to -0.5 | 253 | 3.7% | |
| -0.5 to -0.4 | 454 | 6.7% | |
| -0.4 to -0.3 | 453 | 6.7% | |
| -0.3 to -0.2 | 721 | 10.6% | |
| -0.2 to -0.1 | 720 | 10.6% | |
| -0.1 to 0.0 | 719 | 10.6% | |
| 0.0 to 0.1 | 718 | 10.5% | |
| 0.1 to 0.2 | 550 | 8.1% | |
| 0.2 to 0.3 | 549 | 8.1% | |
| 0.3 to 0.4 | 347 | 5.1% | |
| 0.4 to 0.5 | 346 | 5.1% | |
| 0.5 to 0.6 | 218 | 3.2% | |
| 0.6 to 0.7 | 218 | 3.2% | |
| 0.7 to 0.8 | 92 | 1.4% | |
| 0.8 to 0.9 | 92 | 1.4% | |
| 0.9 to 1.0 | 3 | 0.0% |
Frequently asked questions
What is the average correlation of SJM?
The J.M. Smucker Company (SJM) has an average correlation of about -0.019 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SJM positively correlated with other stocks?
Not predominantly — 46% of pairs are positive and 54% are negative. Strong positive correlations (≥0.7) make up 2.7%.
What is the most common correlation range for SJM?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 58.4% of all pairs.
Explore the full interactive correlation distribution for SJM.
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