Skechers U.S.A., Inc. (SKX) Correlation Distribution
Across 6,809 rolling correlation observations between Skechers U.S.A., Inc. (SKX) and other NASDAQ-listed stocks, 42% are positive and 58% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.028, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.2% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.028
- Most common range
- -0.5 to -0.4
- Positive pairs
- 42%
- Strong positive (≥0.7)
- 14.2%
- Sector
- Footwear, (No Rubber)
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 140 | 2.1% | |
| -0.8 to -0.7 | 139 | 2.0% | |
| -0.7 to -0.6 | 606 | 8.9% | |
| -0.6 to -0.5 | 605 | 8.9% | |
| -0.5 to -0.4 | 675 | 9.9% | |
| -0.4 to -0.3 | 675 | 9.9% | |
| -0.3 to -0.2 | 418 | 6.1% | |
| -0.2 to -0.1 | 418 | 6.1% | |
| -0.1 to 0.0 | 275 | 4.0% | |
| 0.0 to 0.1 | 274 | 4.0% | |
| 0.1 to 0.2 | 234 | 3.4% | |
| 0.2 to 0.3 | 233 | 3.4% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 317 | 4.7% | |
| 0.6 to 0.7 | 317 | 4.7% | |
| 0.7 to 0.8 | 443 | 6.5% | |
| 0.8 to 0.9 | 443 | 6.5% | |
| 0.9 to 1.0 | 79 | 1.2% |
Frequently asked questions
What is the average correlation of SKX?
Skechers U.S.A., Inc. (SKX) has an average correlation of about -0.028 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SKX positively correlated with other stocks?
Not predominantly — 42% of pairs are positive and 58% are negative. Strong positive correlations (≥0.7) make up 14.2%.
What is the most common correlation range for SKX?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 27.2% of all pairs.
Explore the full interactive correlation distribution for SKX.
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