Solid Power, Inc. Class A Common Stock (SLDP) Correlation Distribution
Across 6,791 rolling correlation observations between Solid Power, Inc. Class A Common Stock (SLDP) and other NASDAQ-listed stocks, 66.2% are positive and 33.8% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.254, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 33.1% and strong negative correlations (≤−0.7) for 6.7%.
- Total observations
- 6,791
- Mean correlation
- 0.254
- Most common range
- 0.7 to 0.8
- Positive pairs
- 66.2%
- Strong positive (≥0.7)
- 33.1%
- Sector
- Miscellaneous Electrical Machinery, Equipment & Supplies
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 4 | 0.1% | |
| -0.9 to -0.8 | 226 | 3.3% | |
| -0.8 to -0.7 | 225 | 3.3% | |
| -0.7 to -0.6 | 337 | 5.0% | |
| -0.6 to -0.5 | 337 | 5.0% | |
| -0.5 to -0.4 | 282 | 4.2% | |
| -0.4 to -0.3 | 282 | 4.2% | |
| -0.3 to -0.2 | 197 | 2.9% | |
| -0.2 to -0.1 | 197 | 2.9% | |
| -0.1 to 0.0 | 211 | 3.1% | |
| 0.0 to 0.1 | 211 | 3.1% | |
| 0.1 to 0.2 | 219 | 3.2% | |
| 0.2 to 0.3 | 219 | 3.2% | |
| 0.3 to 0.4 | 299 | 4.4% | |
| 0.4 to 0.5 | 298 | 4.4% | |
| 0.5 to 0.6 | 500 | 7.4% | |
| 0.6 to 0.7 | 500 | 7.4% | |
| 0.7 to 0.8 | 882 | 13.0% | |
| 0.8 to 0.9 | 882 | 13.0% | |
| 0.9 to 1.0 | 483 | 7.1% |
Frequently asked questions
What is the average correlation of SLDP?
Solid Power, Inc. Class A Common Stock (SLDP) has an average correlation of about 0.254 with other NASDAQ stocks, based on 6,791 pairwise observations.
Is SLDP positively correlated with other stocks?
Mostly yes — 66.2% of pairs are positive and 33.8% are negative. Strong positive correlations (≥0.7) make up 33.1%.
What is the most common correlation range for SLDP?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 18.5% of all pairs.
Explore the full interactive correlation distribution for SLDP.
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