The Beauty Health Company Class A Common Stock (SKIN) Correlation Distribution
Across 6,806 rolling correlation observations between The Beauty Health Company Class A Common Stock (SKIN) and other NASDAQ-listed stocks, 69.2% are positive and 30.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.282, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 37.4% and strong negative correlations (≤−0.7) for 9.8%.
- Total observations
- 6,806
- Mean correlation
- 0.282
- Most common range
- 0.7 to 0.8
- Positive pairs
- 69.2%
- Strong positive (≥0.7)
- 37.4%
- Sector
- Surgical & Medical Instruments & Apparatus
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 48 | 0.7% | |
| -0.9 to -0.8 | 308 | 4.5% | |
| -0.8 to -0.7 | 308 | 4.5% | |
| -0.7 to -0.6 | 270 | 4.0% | |
| -0.6 to -0.5 | 269 | 4.0% | |
| -0.5 to -0.4 | 189 | 2.8% | |
| -0.4 to -0.3 | 189 | 2.8% | |
| -0.3 to -0.2 | 171 | 2.5% | |
| -0.2 to -0.1 | 171 | 2.5% | |
| -0.1 to 0.0 | 173 | 2.5% | |
| 0.0 to 0.1 | 173 | 2.5% | |
| 0.1 to 0.2 | 198 | 2.9% | |
| 0.2 to 0.3 | 197 | 2.9% | |
| 0.3 to 0.4 | 268 | 3.9% | |
| 0.4 to 0.5 | 268 | 3.9% | |
| 0.5 to 0.6 | 530 | 7.8% | |
| 0.6 to 0.7 | 530 | 7.8% | |
| 0.7 to 0.8 | 1,153 | 16.9% | |
| 0.8 to 0.9 | 1,152 | 16.9% | |
| 0.9 to 1.0 | 241 | 3.5% |
Frequently asked questions
What is the average correlation of SKIN?
The Beauty Health Company Class A Common Stock (SKIN) has an average correlation of about 0.282 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SKIN positively correlated with other stocks?
Mostly yes — 69.2% of pairs are positive and 30.8% are negative. Strong positive correlations (≥0.7) make up 37.4%.
What is the most common correlation range for SKIN?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 15.9% of all pairs.
Explore the full interactive correlation distribution for SKIN.
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