Silgan Holdings Inc (SLGN) Correlation Distribution
Across 6,809 rolling correlation observations between Silgan Holdings Inc (SLGN) and other NASDAQ-listed stocks, 40.3% are positive and 59.7% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.091, indicating a near-neutral relationship. Strong positive correlations (≥0.7) account for 6% and strong negative correlations (≤−0.7) for 4.1%.
- Total observations
- 6,809
- Mean correlation
- -0.091
- Most common range
- -0.7 to -0.6
- Positive pairs
- 40.3%
- Strong positive (≥0.7)
- 6%
- Sector
- Metal Cans
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 0 | 0.0% | |
| -0.9 to -0.8 | 139 | 2.0% | |
| -0.8 to -0.7 | 138 | 2.0% | |
| -0.7 to -0.6 | 800 | 11.7% | |
| -0.6 to -0.5 | 800 | 11.7% | |
| -0.5 to -0.4 | 578 | 8.5% | |
| -0.4 to -0.3 | 577 | 8.5% | |
| -0.3 to -0.2 | 366 | 5.4% | |
| -0.2 to -0.1 | 365 | 5.4% | |
| -0.1 to 0.0 | 304 | 4.5% | |
| 0.0 to 0.1 | 304 | 4.5% | |
| 0.1 to 0.2 | 318 | 4.7% | |
| 0.2 to 0.3 | 317 | 4.7% | |
| 0.3 to 0.4 | 300 | 4.4% | |
| 0.4 to 0.5 | 299 | 4.4% | |
| 0.5 to 0.6 | 399 | 5.9% | |
| 0.6 to 0.7 | 399 | 5.9% | |
| 0.7 to 0.8 | 203 | 3.0% | |
| 0.8 to 0.9 | 202 | 3.0% | |
| 0.9 to 1.0 | 1 | 0.0% |
Frequently asked questions
What is the average correlation of SLGN?
Silgan Holdings Inc (SLGN) has an average correlation of about -0.091 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is SLGN positively correlated with other stocks?
Not predominantly — 40.3% of pairs are positive and 59.7% are negative. Strong positive correlations (≥0.7) make up 6%.
What is the most common correlation range for SLGN?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 29% of all pairs.
Explore the full interactive correlation distribution for SLGN.
Open interactive dashboard →