Skyward Specialty Insurance Group, Inc. Common Stock (SKWD) Correlation Distribution
Across 6,275 rolling correlation observations between Skyward Specialty Insurance Group, Inc. Common Stock (SKWD) and other NASDAQ-listed stocks, 49.9% are positive and 50.1% are negative. The most common correlation range is -0.9 to -0.8, and the average pairwise correlation is -0.006, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 21.5% and strong negative correlations (≤−0.7) for 22.9%.
- Total observations
- 6,275
- Mean correlation
- -0.006
- Most common range
- -0.9 to -0.8
- Positive pairs
- 49.9%
- Strong positive (≥0.7)
- 21.5%
- Sector
- Fire, Marine & Casualty Insurance
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 132 | 2.1% | |
| -0.9 to -0.8 | 654 | 10.4% | |
| -0.8 to -0.7 | 653 | 10.4% | |
| -0.7 to -0.6 | 366 | 5.8% | |
| -0.6 to -0.5 | 365 | 5.8% | |
| -0.5 to -0.4 | 213 | 3.4% | |
| -0.4 to -0.3 | 212 | 3.4% | |
| -0.3 to -0.2 | 174 | 2.8% | |
| -0.2 to -0.1 | 174 | 2.8% | |
| -0.1 to 0.0 | 202 | 3.2% | |
| 0.0 to 0.1 | 202 | 3.2% | |
| 0.1 to 0.2 | 205 | 3.3% | |
| 0.2 to 0.3 | 204 | 3.3% | |
| 0.3 to 0.4 | 245 | 3.9% | |
| 0.4 to 0.5 | 244 | 3.9% | |
| 0.5 to 0.6 | 340 | 5.4% | |
| 0.6 to 0.7 | 339 | 5.4% | |
| 0.7 to 0.8 | 519 | 8.3% | |
| 0.8 to 0.9 | 518 | 8.3% | |
| 0.9 to 1.0 | 314 | 5.0% |
Frequently asked questions
What is the average correlation of SKWD?
Skyward Specialty Insurance Group, Inc. Common Stock (SKWD) has an average correlation of about -0.006 with other NASDAQ stocks, based on 6,275 pairwise observations.
Is SKWD positively correlated with other stocks?
Not predominantly — 49.9% of pairs are positive and 50.1% are negative. Strong positive correlations (≥0.7) make up 21.5%.
What is the most common correlation range for SKWD?
The most common range is -0.9 to -0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for SKWD.
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