Skyline Champion Corporation Common Stock (SKY) Correlation Distribution
Across 6,809 rolling correlation observations between Skyline Champion Corporation Common Stock (SKY) and other NASDAQ-listed stocks, 44.4% are positive and 55.6% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.02, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 14.1% and strong negative correlations (≤−0.7) for 5.4%.
- Total observations
- 6,809
- Mean correlation
- -0.02
- Most common range
- -0.7 to -0.6
- Positive pairs
- 44.4%
- Strong positive (≥0.7)
- 14.1%
- Sector
- Mobile Homes
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 186 | 2.7% | |
| -0.8 to -0.7 | 185 | 2.7% | |
| -0.7 to -0.6 | 604 | 8.9% | |
| -0.6 to -0.5 | 604 | 8.9% | |
| -0.5 to -0.4 | 570 | 8.4% | |
| -0.4 to -0.3 | 569 | 8.4% | |
| -0.3 to -0.2 | 387 | 5.7% | |
| -0.2 to -0.1 | 387 | 5.7% | |
| -0.1 to 0.0 | 297 | 4.4% | |
| 0.0 to 0.1 | 296 | 4.3% | |
| 0.1 to 0.2 | 286 | 4.2% | |
| 0.2 to 0.3 | 285 | 4.2% | |
| 0.3 to 0.4 | 259 | 3.8% | |
| 0.4 to 0.5 | 259 | 3.8% | |
| 0.5 to 0.6 | 339 | 5.0% | |
| 0.6 to 0.7 | 338 | 5.0% | |
| 0.7 to 0.8 | 472 | 6.9% | |
| 0.8 to 0.9 | 471 | 6.9% | |
| 0.9 to 1.0 | 15 | 0.2% |
Frequently asked questions
What is the average correlation of SKY?
Skyline Champion Corporation Common Stock (SKY) has an average correlation of about -0.02 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SKY positively correlated with other stocks?
Not predominantly — 44.4% of pairs are positive and 55.6% are negative. Strong positive correlations (≥0.7) make up 14.1%.
What is the most common correlation range for SKY?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 28.5% of all pairs.
Explore the full interactive correlation distribution for SKY.
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