SLGC (SLGC) Correlation Distribution
Across 6,455 rolling correlation observations between SLGC (SLGC) and other NASDAQ-listed stocks, 77.5% are positive and 22.5% are negative. The most common correlation range is 0.9 to 1.0, and the average pairwise correlation is 0.449, indicating a clearly positive co-movement bias. Strong positive correlations (≥0.7) account for 51.2% and strong negative correlations (≤−0.7) for 4.8%.
- Total observations
- 6,455
- Mean correlation
- 0.449
- Most common range
- 0.9 to 1.0
- Positive pairs
- 77.5%
- Strong positive (≥0.7)
- 51.2%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 9 | 0.1% | |
| -0.9 to -0.8 | 152 | 2.4% | |
| -0.8 to -0.7 | 151 | 2.3% | |
| -0.7 to -0.6 | 192 | 3.0% | |
| -0.6 to -0.5 | 191 | 3.0% | |
| -0.5 to -0.4 | 168 | 2.6% | |
| -0.4 to -0.3 | 168 | 2.6% | |
| -0.3 to -0.2 | 143 | 2.2% | |
| -0.2 to -0.1 | 142 | 2.2% | |
| -0.1 to 0.0 | 139 | 2.2% | |
| 0.0 to 0.1 | 138 | 2.1% | |
| 0.1 to 0.2 | 177 | 2.7% | |
| 0.2 to 0.3 | 177 | 2.7% | |
| 0.3 to 0.4 | 217 | 3.4% | |
| 0.4 to 0.5 | 217 | 3.4% | |
| 0.5 to 0.6 | 384 | 5.9% | |
| 0.6 to 0.7 | 383 | 5.9% | |
| 0.7 to 0.8 | 925 | 14.3% | |
| 0.8 to 0.9 | 924 | 14.3% | |
| 0.9 to 1.0 | 1,458 | 22.6% |
Frequently asked questions
What is the average correlation of SLGC?
SLGC (SLGC) has an average correlation of about 0.449 with other NASDAQ stocks, based on 6,455 pairwise observations.
Is SLGC positively correlated with other stocks?
Mostly yes — 77.5% of pairs are positive and 22.5% are negative. Strong positive correlations (≥0.7) make up 51.2%.
What is the most common correlation range for SLGC?
The most common range is 0.9 to 1.0. Weak correlations (−0.3 to 0.3) account for 14.2% of all pairs.
Explore the full interactive correlation distribution for SLGC.
Open interactive dashboard →