SkyWater Technology, Inc. Common Stock (SKYT) Correlation Distribution
Across 6,806 rolling correlation observations between SkyWater Technology, Inc. Common Stock (SKYT) and other NASDAQ-listed stocks, 73.6% are positive and 26.4% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.328, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 29% and strong negative correlations (≤−0.7) for 0.5%.
- Total observations
- 6,806
- Mean correlation
- 0.328
- Most common range
- 0.7 to 0.8
- Positive pairs
- 73.6%
- Strong positive (≥0.7)
- 29%
- Sector
- Semiconductors & Related Devices
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 17 | 0.2% | |
| -0.8 to -0.7 | 17 | 0.2% | |
| -0.7 to -0.6 | 98 | 1.4% | |
| -0.6 to -0.5 | 97 | 1.4% | |
| -0.5 to -0.4 | 272 | 4.0% | |
| -0.4 to -0.3 | 272 | 4.0% | |
| -0.3 to -0.2 | 325 | 4.8% | |
| -0.2 to -0.1 | 324 | 4.8% | |
| -0.1 to 0.0 | 377 | 5.5% | |
| 0.0 to 0.1 | 377 | 5.5% | |
| 0.1 to 0.2 | 361 | 5.3% | |
| 0.2 to 0.3 | 360 | 5.3% | |
| 0.3 to 0.4 | 415 | 6.1% | |
| 0.4 to 0.5 | 414 | 6.1% | |
| 0.5 to 0.6 | 554 | 8.1% | |
| 0.6 to 0.7 | 554 | 8.1% | |
| 0.7 to 0.8 | 973 | 14.3% | |
| 0.8 to 0.9 | 973 | 14.3% | |
| 0.9 to 1.0 | 26 | 0.4% |
Frequently asked questions
What is the average correlation of SKYT?
SkyWater Technology, Inc. Common Stock (SKYT) has an average correlation of about 0.328 with other NASDAQ stocks, based on 6,806 pairwise observations.
Is SKYT positively correlated with other stocks?
Mostly yes — 73.6% of pairs are positive and 26.4% are negative. Strong positive correlations (≥0.7) make up 29%.
What is the most common correlation range for SKYT?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 31.2% of all pairs.
Explore the full interactive correlation distribution for SKYT.
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