Tanger Inc. (SKT) Correlation Distribution
Across 6,809 rolling correlation observations between Tanger Inc. (SKT) and other NASDAQ-listed stocks, 40.8% are positive and 59.2% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.06, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 18% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,809
- Mean correlation
- -0.06
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.8%
- Strong positive (≥0.7)
- 18%
- Sector
- Real Estate Investment Trusts
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 6 | 0.1% | |
| -0.9 to -0.8 | 361 | 5.3% | |
| -0.8 to -0.7 | 361 | 5.3% | |
| -0.7 to -0.6 | 731 | 10.7% | |
| -0.6 to -0.5 | 730 | 10.7% | |
| -0.5 to -0.4 | 525 | 7.7% | |
| -0.4 to -0.3 | 525 | 7.7% | |
| -0.3 to -0.2 | 283 | 4.2% | |
| -0.2 to -0.1 | 282 | 4.1% | |
| -0.1 to 0.0 | 224 | 3.3% | |
| 0.0 to 0.1 | 224 | 3.3% | |
| 0.1 to 0.2 | 213 | 3.1% | |
| 0.2 to 0.3 | 213 | 3.1% | |
| 0.3 to 0.4 | 192 | 2.8% | |
| 0.4 to 0.5 | 192 | 2.8% | |
| 0.5 to 0.6 | 260 | 3.8% | |
| 0.6 to 0.7 | 260 | 3.8% | |
| 0.7 to 0.8 | 450 | 6.6% | |
| 0.8 to 0.9 | 450 | 6.6% | |
| 0.9 to 1.0 | 327 | 4.8% |
Frequently asked questions
What is the average correlation of SKT?
Tanger Inc. (SKT) has an average correlation of about -0.06 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SKT positively correlated with other stocks?
Not predominantly — 40.8% of pairs are positive and 59.2% are negative. Strong positive correlations (≥0.7) make up 18%.
What is the most common correlation range for SKT?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 21.1% of all pairs.
Explore the full interactive correlation distribution for SKT.
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