Skywest Inc (SKYW) Correlation Distribution
Across 6,809 rolling correlation observations between Skywest Inc (SKYW) and other NASDAQ-listed stocks, 47.2% are positive and 52.8% are negative. The most common correlation range is -0.3 to -0.2, and the average pairwise correlation is 0.045, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 13.7% and strong negative correlations (≤−0.7) for 3.9%.
- Total observations
- 6,809
- Mean correlation
- 0.045
- Most common range
- -0.3 to -0.2
- Positive pairs
- 47.2%
- Strong positive (≥0.7)
- 13.7%
- Sector
- Air Transportation, Scheduled
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 130 | 1.9% | |
| -0.8 to -0.7 | 129 | 1.9% | |
| -0.7 to -0.6 | 291 | 4.3% | |
| -0.6 to -0.5 | 291 | 4.3% | |
| -0.5 to -0.4 | 491 | 7.2% | |
| -0.4 to -0.3 | 491 | 7.2% | |
| -0.3 to -0.2 | 688 | 10.1% | |
| -0.2 to -0.1 | 687 | 10.1% | |
| -0.1 to 0.0 | 387 | 5.7% | |
| 0.0 to 0.1 | 386 | 5.7% | |
| 0.1 to 0.2 | 309 | 4.5% | |
| 0.2 to 0.3 | 308 | 4.5% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 340 | 5.0% | |
| 0.6 to 0.7 | 339 | 5.0% | |
| 0.7 to 0.8 | 396 | 5.8% | |
| 0.8 to 0.9 | 395 | 5.8% | |
| 0.9 to 1.0 | 144 | 2.1% |
Frequently asked questions
What is the average correlation of SKYW?
Skywest Inc (SKYW) has an average correlation of about 0.045 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SKYW positively correlated with other stocks?
Not predominantly — 47.2% of pairs are positive and 52.8% are negative. Strong positive correlations (≥0.7) make up 13.7%.
What is the most common correlation range for SKYW?
The most common range is -0.3 to -0.2. Weak correlations (−0.3 to 0.3) account for 40.6% of all pairs.
Explore the full interactive correlation distribution for SKYW.
Open interactive dashboard →