Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) Correlation Distribution
Across 6,808 rolling correlation observations between Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) and other NASDAQ-listed stocks, 67.3% are positive and 32.7% are negative. The most common correlation range is 0.7 to 0.8, and the average pairwise correlation is 0.27, indicating a mild positive co-movement. Strong positive correlations (≥0.7) account for 39.5% and strong negative correlations (≤−0.7) for 10.7%.
- Total observations
- 6,808
- Mean correlation
- 0.27
- Most common range
- 0.7 to 0.8
- Positive pairs
- 67.3%
- Strong positive (≥0.7)
- 39.5%
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 89 | 1.3% | |
| -0.9 to -0.8 | 320 | 4.7% | |
| -0.8 to -0.7 | 320 | 4.7% | |
| -0.7 to -0.6 | 276 | 4.1% | |
| -0.6 to -0.5 | 275 | 4.0% | |
| -0.5 to -0.4 | 195 | 2.9% | |
| -0.4 to -0.3 | 194 | 2.8% | |
| -0.3 to -0.2 | 183 | 2.7% | |
| -0.2 to -0.1 | 182 | 2.7% | |
| -0.1 to 0.0 | 194 | 2.8% | |
| 0.0 to 0.1 | 193 | 2.8% | |
| 0.1 to 0.2 | 191 | 2.8% | |
| 0.2 to 0.3 | 190 | 2.8% | |
| 0.3 to 0.4 | 247 | 3.6% | |
| 0.4 to 0.5 | 247 | 3.6% | |
| 0.5 to 0.6 | 412 | 6.1% | |
| 0.6 to 0.7 | 412 | 6.1% | |
| 0.7 to 0.8 | 1,099 | 16.1% | |
| 0.8 to 0.9 | 1,098 | 16.1% | |
| 0.9 to 1.0 | 491 | 7.2% |
Frequently asked questions
What is the average correlation of SLGL?
Sol-Gel Technologies Ltd. Ordinary Shares (SLGL) has an average correlation of about 0.27 with other NASDAQ stocks, based on 6,808 pairwise observations.
Is SLGL positively correlated with other stocks?
Mostly yes — 67.3% of pairs are positive and 32.7% are negative. Strong positive correlations (≥0.7) make up 39.5%.
What is the most common correlation range for SLGL?
The most common range is 0.7 to 0.8. Weak correlations (−0.3 to 0.3) account for 16.6% of all pairs.
Explore the full interactive correlation distribution for SLGL.
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