SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) Correlation Distribution
Across 6,809 rolling correlation observations between SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) and other NASDAQ-listed stocks, 72.8% are positive and 27.2% are negative. The most common correlation range is 0.5 to 0.6, and the average pairwise correlation is 0.283, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 12.6% and strong negative correlations (≤−0.7) for 0%.
- Total observations
- 6,809
- Mean correlation
- 0.283
- Most common range
- 0.5 to 0.6
- Positive pairs
- 72.8%
- Strong positive (≥0.7)
- 12.6%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 1 | 0.0% | |
| -0.8 to -0.7 | 1 | 0.0% | |
| -0.7 to -0.6 | 87 | 1.3% | |
| -0.6 to -0.5 | 87 | 1.3% | |
| -0.5 to -0.4 | 289 | 4.2% | |
| -0.4 to -0.3 | 288 | 4.2% | |
| -0.3 to -0.2 | 399 | 5.9% | |
| -0.2 to -0.1 | 399 | 5.9% | |
| -0.1 to 0.0 | 299 | 4.4% | |
| 0.0 to 0.1 | 299 | 4.4% | |
| 0.1 to 0.2 | 385 | 5.7% | |
| 0.2 to 0.3 | 385 | 5.7% | |
| 0.3 to 0.4 | 590 | 8.7% | |
| 0.4 to 0.5 | 589 | 8.7% | |
| 0.5 to 0.6 | 926 | 13.6% | |
| 0.6 to 0.7 | 926 | 13.6% | |
| 0.7 to 0.8 | 430 | 6.3% | |
| 0.8 to 0.9 | 429 | 6.3% | |
| 0.9 to 1.0 | 0 | 0.0% |
Frequently asked questions
What is the average correlation of SKM?
SK Telecom Co., Ltd. American Depositary Shares (Each representing 5/9th of a Ordinary Share of SK Telecom Co., LTD.) (SKM) has an average correlation of about 0.283 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SKM positively correlated with other stocks?
Mostly yes — 72.8% of pairs are positive and 27.2% are negative. Strong positive correlations (≥0.7) make up 12.6%.
What is the most common correlation range for SKM?
The most common range is 0.5 to 0.6. Weak correlations (−0.3 to 0.3) account for 31.8% of all pairs.
Explore the full interactive correlation distribution for SKM.
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