SKYX Platforms Corp. Common Stock (SKYX) Correlation Distribution
Across 6,757 rolling correlation observations between SKYX Platforms Corp. Common Stock (SKYX) and other NASDAQ-listed stocks, 66% are positive and 34% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.244, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 24% and strong negative correlations (≤−0.7) for 0.6%.
- Total observations
- 6,757
- Mean correlation
- 0.244
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66%
- Strong positive (≥0.7)
- 24%
- Sector
- Electric Lighting & Wiring Equipment
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 21 | 0.3% | |
| -0.8 to -0.7 | 20 | 0.3% | |
| -0.7 to -0.6 | 299 | 4.4% | |
| -0.6 to -0.5 | 298 | 4.4% | |
| -0.5 to -0.4 | 401 | 5.9% | |
| -0.4 to -0.3 | 401 | 5.9% | |
| -0.3 to -0.2 | 299 | 4.4% | |
| -0.2 to -0.1 | 298 | 4.4% | |
| -0.1 to 0.0 | 258 | 3.8% | |
| 0.0 to 0.1 | 258 | 3.8% | |
| 0.1 to 0.2 | 282 | 4.2% | |
| 0.2 to 0.3 | 281 | 4.2% | |
| 0.3 to 0.4 | 400 | 5.9% | |
| 0.4 to 0.5 | 399 | 5.9% | |
| 0.5 to 0.6 | 612 | 9.1% | |
| 0.6 to 0.7 | 611 | 9.0% | |
| 0.7 to 0.8 | 749 | 11.1% | |
| 0.8 to 0.9 | 748 | 11.1% | |
| 0.9 to 1.0 | 122 | 1.8% |
Frequently asked questions
What is the average correlation of SKYX?
SKYX Platforms Corp. Common Stock (SKYX) has an average correlation of about 0.244 with other NASDAQ stocks, based on 6,757 pairwise observations.
Is SKYX positively correlated with other stocks?
Mostly yes — 66% of pairs are positive and 34% are negative. Strong positive correlations (≥0.7) make up 24%.
What is the most common correlation range for SKYX?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 24.8% of all pairs.
Explore the full interactive correlation distribution for SKYX.
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