SLCA (SLCA) Correlation Distribution
Across 6,735 rolling correlation observations between SLCA (SLCA) and other NASDAQ-listed stocks, 46.1% are positive and 53.9% are negative. The most common correlation range is -0.5 to -0.4, and the average pairwise correlation is -0.003, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 4.2% and strong negative correlations (≤−0.7) for 1.3%.
- Total observations
- 6,735
- Mean correlation
- -0.003
- Most common range
- -0.5 to -0.4
- Positive pairs
- 46.1%
- Strong positive (≥0.7)
- 4.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 44 | 0.7% | |
| -0.8 to -0.7 | 43 | 0.6% | |
| -0.7 to -0.6 | 299 | 4.4% | |
| -0.6 to -0.5 | 299 | 4.4% | |
| -0.5 to -0.4 | 662 | 9.8% | |
| -0.4 to -0.3 | 661 | 9.8% | |
| -0.3 to -0.2 | 573 | 8.5% | |
| -0.2 to -0.1 | 572 | 8.5% | |
| -0.1 to 0.0 | 474 | 7.0% | |
| 0.0 to 0.1 | 473 | 7.0% | |
| 0.1 to 0.2 | 388 | 5.8% | |
| 0.2 to 0.3 | 387 | 5.7% | |
| 0.3 to 0.4 | 408 | 6.1% | |
| 0.4 to 0.5 | 408 | 6.1% | |
| 0.5 to 0.6 | 382 | 5.7% | |
| 0.6 to 0.7 | 382 | 5.7% | |
| 0.7 to 0.8 | 139 | 2.1% | |
| 0.8 to 0.9 | 139 | 2.1% | |
| 0.9 to 1.0 | 2 | 0.0% |
Frequently asked questions
What is the average correlation of SLCA?
SLCA (SLCA) has an average correlation of about -0.003 with other NASDAQ stocks, based on 6,735 pairwise observations.
Is SLCA positively correlated with other stocks?
Not predominantly — 46.1% of pairs are positive and 53.9% are negative. Strong positive correlations (≥0.7) make up 4.2%.
What is the most common correlation range for SLCA?
The most common range is -0.5 to -0.4. Weak correlations (−0.3 to 0.3) account for 42.6% of all pairs.
Explore the full interactive correlation distribution for SLCA.
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